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07/14/2021

MaterialsXchange announces new investor and board member

Steve Voorhees, co-founder of Voorhees Partners, has invested in the digital lumber marketplace.
Andrew Carlo
LBM Editor
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MaterialsXchange (MX), the B2B digital marketplace for lumber, panels, and OSB, that Steve Voorhees has invested seed capital into the company and has joined its board of managers. 

“MaterialsXchange is extremely fortunate to have Steve Voorhees join our team,” said Mike Wisnefski, CEO of MaterialsXchange. “Steve is well known for growing companies with the passion of an entrepreneur and the demeanor of an experienced executive.”

With over 40 years of experience in the adjacent paper, packaging, and energy trading businesses, Voorhees brings experience to MaterialsXchange as it progresses forward. Most recently, Voorhees was CEO of WestRock, stepping down from that position due to health reasons. 

Voorhees is co-founder of Voorhees Partners with MaterialsXchange being its first investment. 

“I have been impressed by the value proposition and technology of MaterialsXchange,” Voorhees said. “MX management team brings highly applicable expertise from the lumber, commodity trading, and technology industries. MX is uniquely positioned to develop the digital marketplace for wood products, providing both buyers and sellers with greater price transparency.” 

MaterialsXchange is based in Chicago.