Mikey, a technology startup that brings the trading of physical commodities online, partnered with MaterialsXchange (MX), a B2B ecommerce and digital marketplace that matches lumber buyers and sellers across the United States and Canada through its online platform. The proposed transaction will expand Mickey’s footprint into commodity lumber verticals which includes OSB and other softwood products.

“Today is a momentous day for Mickey,” Alex Rabens, Mickey’s co-founder and CEO, said in a news release. “MaterialsXchange has spent the last few years developing an amazing front-end platform that has served the lumber industry well. Combining their experienced team and platform with our back-end technology, we have created a true, end-to-end solution for the lumber market - as well as other commodities in the long-term. Our companies are complementary and together we will improve the supply chain for North American manufacturers, as well as help building product dealers and construction companies source the materials they need in a completely transparent and seamless transaction.”

As a result of the announcement, Mike Wisnefski, co-founder and CEO of MX, will become president of Mickey Group and Ashley Boeckholt, co-founder and chief revenue officer of MX, will continue in the role of chief revenue officer at Mickey. In the CRO role, Boeckholt oversaw sales, marketing, and business development for MX.

In addition ot co-founding MX, Wisnefsk also founded STX Trading, a proprietary firm that specializes in lumber futures and options. Wisnefski partnered with the Chicago Mercantile Exchange group to launch the lumber futures contract on their digital Globex platform and held an executive position for Bloch Lumber.

Prior to joining MX, Boeckholt served as director at Koch Pulp & Paper Trading, where he helped grow the firm’s risk management business through selling lumber swaps in the OTC market. He previously held leadership roles at Sherwood Lumber and Bloch Lumber.

“Mickey and MaterialsXchange have closely aligned cultures with shared business values,” Wisnefski said. “By joining forces with Mickey, we will continue to advance the goals of both companies—to make the buying and selling of lumber easy and accessible to everyone, everywhere—with seamless and secure transactions at the click of a button. Together, we will continue to improve our world-class platform that is becoming the industry’s go-to channel for building products and market information with an eye on other commodities in the near future.

Chicago-based MaterialsXchange’s goal is to bring both the ease of an ecommerce solution and the sophistication of the modern capital markets to the lumber industry. The digital marketplace launched in 2019 and the first listing on the marketplace were wood products, specialty oriented strand board, European spruce lumber, and southern pine lumber. In 2020, the company partnered with Ravens Logistics as it expanded its product offerings to include rail freights.