IVM Group

What IVM Group does

IVM Group is a privately-held Italian industrial manufacturer specializing in wood coatings, resins, elastomers, and polyurethane adhesives, headquartered in Milan with production operations in Parona (Pavia). The company operates as a multi-brand holding group, with wholly-owned subsidiaries Milesi (premium wood paints for furniture and interiors), Ilva (wood coatings), Croma Lacke (industrial lacquers), and Intercoating (resins, polyurethane elastomers, and adhesives). Each sub-brand maintains a separate branded website and sales organization targeting distinct customer segments. The company serves industrial wood furniture manufacturers, wood construction companies, public facilities, and downstream finishing applications across Italy and broader European markets.

The product portfolio spans standard wood paints, stains, thinners, decorative finishes, floor finishes, exterior wood protection systems, fire-resistant coatings certified by the Italian fire brigade (Vigili del Fuoco), and the Healthy.Wood line of sanitizing/hygienic wood finishes developed during the COVID-19 era. Products are formulated and tested in European R&D laboratories that the company describes as among the largest in the sector. The company has accumulated a substantial certification stack underpinning specification-driven B2B sales, including ISO 9001:2015 for R&D and production, the dual-laboratory CATAS WKI Premium and Premium Plus certifications (involving 1-year and 2-year natural aging tests respectively), IMO maritime certification, KBS System certification, and indoor emissions certification.

IVM Group's business model is B2B direct sales of industrial coatings, with quote-based pricing typical for the sector. The company sells primarily into wood furniture manufacturers, construction companies, and industrial wood processors through its brand-specific sales organizations. Marketing is conducted through brand websites, active press relations (Il Sole 24 Ore, La Repubblica, Il Giornale), trade press, institutional videos, and participation in industry events including Fuorisalone, FIMMA Maderalia, and Ramspec. The company is family-controlled with Adriano Teso serving as President of the Group; no external private equity backing or public listing is disclosed.

Name

IVM Group

Legal name

IVM Group (ivm srl)

Website

https://ivmgroup.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

IVM Group is a Milan-based, privately-held Italian industrial manufacturer of wood coatings, resins, elastomers, and polyurethane adhesives, operating through subsidiaries Milesi, Ilva, Croma Lacke, and Intercoating to serve wood furniture, construction, and public facility customers.

Ownership category

akta.pro rank

Product category

Industrial Wood Coatings

NAICS

Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252), Resin and Synthetic Rubber Manufacturing (32521)

SIC

Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Wood Coatings & Finishes (IMAEAGAG)

Keywords

• Wood coatings manufacturing
• Industrial wood finishes
• Polyurethane adhesives production
• Wood paints and lacquers
• Coating resins and elastomers

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Wood Coatings Sales: B2B sale of industrial coatings, paints, stains, and finishing products to wood furniture manufacturers, construction companies, and industrial processors. Revenue generated from product sales across multiple brand divisions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

IVM Group manufactures and sells industrial wood coatings, paints, stains, thinners, resins, polyurethane elastomers and polyurethane adhesives through a multi-brand portfolio (Milesi, Ilva, Croma Lacke, Intercoating). Its products are developed in European R&D laboratories and serve wood furniture manufacturers, construction companies, and industrial wood processors, with specialized offerings including Healthy.Wood sanitizing finishes, fire-resistant coating cycles, and Catas/WKI-certified exterior wood systems.

Product overview

IVM Group is a multi-brand coatings manufacturer for wood, operating as a portfolio of distinct sub-brands. The core offerings include Milesi (wood paints for furniture and interiors), Ilva (wood coatings), Croma Lacke (industrial lacquers), and Intercoating (resins, polyurethane elastomers, and adhesives). The group also developed the Healthy.Wood line of sanitizing finishes for hygiene-critical applications. The products are studied and developed in European Research and Development laboratories and the group emphasizes environmental sustainability and wood as an ecological material.

Differentiator

Problem solved

Functional benefit

Brands

• Milesi: Wood paints and coatings brand
• Ilva
• Croma Lacke
• Intercoating

Products and services

• Milesi Milesi is a sub-brand of IVM Group specializing in wood paints and coatings for furniture and interior applications, including the Healthy.Wood sanitizing finish line for hygiene-critical environments.
• Ilva Ilva is a sub-brand of IVM Group offering wood paints and coatings, including fire-resistant coating cycles and industrial wood finishing systems.
• Croma Lacke Croma Lacke is a sub-brand of IVM Group specializing in industrial wood coatings and lacquers.
• Intercoating Intercoating is a sub-brand of IVM Group specializing in the production of paints for wood, resins, polyurethane elastomers, and polyurethane adhesives.
• Healthy.Wood sanitizing wood finishes Healthy.Wood is a line of sanitizing/hygienizing wood finishes developed by Milesi for surfaces requiring maximum hygiene, including school furniture, kitchens, restaurants and healthcare applications.

Quantifiable outcome

• 2-year natural aging tests for exterior coatings (double EN 927-3 standard)
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Polo Formativo del Legno ArredocoreStrategic or Co-development Partner · 1 September 2014IVM Chemicals as exceptional partner of the Wood Furniture Training Center, supporting industry professional education and skills development in the wood and furniture sector.
• University of CambridgeminorStrategic or Co-development Partner · 1 October 2012University of Cambridge visited IVM Chemicals facilities in Italy, indicating research collaboration or academic partnership for technology development.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• PPG Industries: Global coatings major with industrial wood and packaging coatings offerings. Competes indirectly with IVM in industrial coatings channels, particularly for large furniture and building-products OEMs.
• Sherwin-Williams: Global paints and coatings leader whose Sayerlack brand competes head-on with IVM in industrial wood finishes. A larger, diversified incumbent with substantially greater R&D and distribution scale.
• Sika: Swiss construction chemicals and coatings player active in wood-adjacent sealants, adhesives, and protective finishes. Comparable to IVM at the wood construction/building interface but operates a much broader portfolio.
• AkzoNobel (Sikkens): Global paints and coatings major with Sikkens wood-care and wood-finish ranges. Overlaps with IVM in premium wood coatings for joiners, exterior cladding, and OEMs, but competes as part of a much broader portfolio.

Direct peers

• ICA Group: Italian specialty manufacturer of wood coatings, stains and finishing products serving furniture and interior applications. Directly comparable to IVM/Milesi on geography, product category, and customer base.
• Adler-Lacke: Austrian family-owned wood coatings producer focused on furniture, windows, doors, and exterior wood protection. Comparable to IVM as a mid-sized, premium European specialist in certified wood finishes.
• Teknos: Finland-headquartered industrial coatings specialist with a strong wood coatings business across Europe. Closely comparable to IVM in product focus (industrial wood finishes), certification-driven sales, and multi-country European footprint.
• Sirca: Italian manufacturer of wood coatings, lacquers, and polyester finishes serving furniture and door OEMs. Directly comparable to IVM's Ilva and Croma Lacke brands on product range and Italian customer base.
• Remmers: German manufacturer of wood coatings, stains, and specialty construction chemicals including fire-retardant and protective wood systems. Comparable to IVM on wood-protection focus, German/European certification moats, and B2B industrial channel.
• Sayerlack (Sherwin-Williams): Italian wood coatings brand owned by Sherwin-Williams, directly competing with IVM in furniture and interior wood finishes. Comparable on product overlap and Italian/European customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/ivmgroup
• YouTubeyoutube.com/channel/IVMGroup
• Facebookfacebook.com/ivmgroup
• LinkedInlinkedin.com/company/ivm-group
• Instagraminstagram.com/ivmgroup

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IVM Group