PM Studio Group has acquired TNT Group, extending the French group's acquisition-led growth strategy into premium primary packaging for beauty and wines and spirits. PM Studio Group specialises in gifting, secondary packaging and bespoke accessories for beauty, luxury, fashion, jewellery and watch brands, while TNT Group focuses on premium primary and secondary packaging for the beauty and wines and spirits industries.
The combined group generates approximately EUR 130 million (about USD 145 million) in revenue and employs nearly 150 people worldwide, according to the companies.
Two complementary businesses
PM Studio Group was co-founded in 2018 by Patricia Stranik and Sven Döbert. It reports average annual growth of more than 30% and reached over EUR 70 million (about USD 78 million) in revenue in 2025. Its business is divided between luggage (55%), packaging (30%) and accessories (15%), and it employs more than 90 people worldwide. Headquartered in Paris, the company has been backed by investment fund Andera Expansion since 2024 and has already completed several acquisitions, including By No and Édition Limitée.
TNT Group was founded in 2013 by Toby Cattermole and Thomas Diezinger and operates from Hong Kong, Paris and New York, serving established luxury houses as well as niche brands, particularly in beauty and wines and spirits. The company cites expertise in engineering and eco-design that allows it to turn creative concepts into bespoke technical solutions. Like PM Studio Group, it runs a fabless model, outsourcing manufacturing to a network of industrial partners across Asia and Europe, and describes itself as a pioneer in the use of recycled zamak.
Value chain and reach
By combining their expertise, the two groups aim to cover a larger share of the value chain, from design to logistics. The acquisition is also intended to broaden their customer base, spanning major international groups and fast-growing niche brands, while strengthening their reach across Europe, Asia, the Middle East and North America.
Beyond the complementary nature of their offerings, the move reflects PM Studio Group's ambition to build a global platform with further growth driven by acquisitions. The group plans to leverage its creative expertise alongside TNT Group's technical know-how to broaden the packaging solutions it can offer brands.
Leadership and ownership
"With TNT Group, it was love at first sight. We share the same philosophy, the same DNA, the same absolute passion for the product, and the same out-of-the-box thinking that drives us to constantly push the boundaries of creativity," said Patricia Stranik, CEO of PM Studio Group.
TNT Group founders Toby Cattermole and Thomas Diezinger are reinvesting a significant portion of the sale proceeds in the combined business, alongside key members of TNT Group's management team. For Thomas Diezinger, the partnership brings together PM Studio Group's "outstanding creativity" and TNT Group's "cutting-edge engineering" to create a global packaging powerhouse serving complementary projects and customer portfolios.
To support the growth ambitions of the two businesses through project synergies, Damon Kennish has been appointed CEO of TNT Group. He previously served as Chief Business Officer of the company, which he joined in 2025.
PM Studio Group, a certified B Corp and an EcoVadis Platinum medalist, said it plans to continue expanding internationally while preserving the distinct identities and entrepreneurial agility of both businesses.