Inka Oy has acquired the entire shareholding of Manilla Oy from Piippo Oyj, marking a strategic expansion for the Finnish textile manufacturer.

Target Information

Inka Oy has successfully acquired the entire shareholding of Manilla Oy, with the transaction agreement signed on October 17, 2025. This acquisition involves the purchase of Manilla Oy, a subsidiary fully owned by Piippo Oyj. The deal will take effect on October 31, 2025, pending the fulfillment of certain conditions. Inka Oy is a Finnish family-owned business, renowned as a leading manufacturer of specialized technical textile tapes in the Nordic region. The company boasts a history of over 125 years and operates from Killinkoski, Virtain, where it produces woven and braided tapes, cords, and elastic bands. These products serve demanding sectors such as the defense industry, textile industry, logistics, and automotive sector, supported by a team of approximately 40 skilled professionals.

Founded in 2019, Manilla Oy focuses on the import and distribution of consumer products associated with binding, fastening, and lifting in Finland and its neighboring areas. The sale of Manilla Oy's complete shareholding by Piippo Oyj is part of a strategic initiative previously set in motion by Piippo.

Industry Overview

The textile manufacturing industry in Finland has maintained a significant presence, mainly due to its adaptability and innovation in producing specialized textiles. Finnish companies have successfully carved niches in various sectors, focusing on high-quality