Major Subsidiaries 

IVM CHEMICALS srl - Milan (I)
Wood paints, PU Elastomers and Resins 

INDUSTRIAS QUIMICAS IVM sa - Torrent - Valencia (ES) 
 Wood paints and stains 

IVM CHEMICALS Sp.zo.o. - Varsavia (PL)
 Wood paints and stains

IVM CHEMICALS GmbH - Herrenberg (D)
Wood paints and stains 

IVM CHEMICALS Inc - Glendale Heights, 60139 Illinois (USA)
Wood paints and stains 

MILESI VERNIS sa - Ste Geneviève des Bois Cedex (F)
Wood paints and stains

MILESI HELLAS ltd - Athens (GR)
Wood paints and stains 

Major Shareholdings and Minors Controlled 

January 2021, IVM has sold its shareholding in Boero Bartolomeo S.p.A, operating in coatings for building and yachting.
IVM has been holding this share for decades, creating an important financial capital gain.
It took this decision together with its Major Shareholder, after Boero Bartolomeo S.p.A’s exit from the Italian Stock Exchange.
In doing so, Boero Bartolomeo S.p.A is joining Group Corporação Industrial do Norte S.A. (, portoguese industry operating in the same building coatings’sector as Boero does.