PM Studio Group has acquired TNT Group, adding premium primary and secondary packaging expertise to its gifting, secondary packaging and bespoke accessories business.
PM Studio Group works with beauty, luxury, fashion, jewelry and watch brands. TNT Group specializes in premium primary and secondary packaging for the beauty and wines and spirits industries. PM Studio Group said the deal expands its capabilities through TNT Group's engineering and high-end packaging design expertise.
The combined group generates approximately EUR 130 million (about USD 145 million) in revenue and employs nearly 150 people worldwide.
Two businesses with complementary profiles
Co-founded in 2018 by Patricia Stranik and Sven Döbert, PM Studio Group has grown at an average annual rate of more than 30%, reaching 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.
Founded in 2013 by Toby Cattermole and Thomas Diezinger, TNT Group operates from Hong Kong, Paris and New York, serving established luxury houses and fast-growing niche brands, particularly in beauty and wines and spirits. The company cites expertise in engineering and eco-design, which it uses to turn creative concepts into bespoke technical solutions. Like PM Studio Group, TNT Group 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.
Scope and leadership
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 across major international groups and fast-growing niche brands, while strengthening their reach in Europe, Asia, the Middle East and North America.
PM Studio Group said the transaction reflects its ambition to build a global platform with further growth driven by acquisitions. The group plans to pair its creative expertise with TNT Group's technical know-how to widen the packaging solutions it can offer brands.
"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 both businesses through project synergies, Damon Kennish has been appointed CEO of TNT Group. He previously served as the company's Chief Business Officer, a role he took up 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.