PM Studio Group has acquired TNT Group, adding premium primary and secondary packaging expertise to its portfolio of gifting, secondary packaging and bespoke accessories for beauty, luxury, fashion, jewellery and watch brands. The French group said the transaction marks a new stage in its acquisition-led growth strategy.
The combined business 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 has grown at an average annual rate of more than 30% and reached over EUR 70 million (about USD 78 million) in revenue in 2025. Its business is split 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. It serves established luxury houses and successful niche brands, particularly in the beauty and wines and spirits sectors, and cites cutting-edge expertise in engineering and eco-design that enables it to turn creative concepts into bespoke technical solutions. Like PM Studio Group, it runs a fabless model, outsourcing manufacturing to industrial partners across Asia and Europe, and it is a pioneer in the use of recycled zamak.
What the combination is meant to deliver
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 — and to strengthen their reach across Europe, Asia, the Middle East and North America.
Beyond the complementary nature of their offerings, PM Studio Group framed the deal as part of 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.
Leadership and ownership
Patricia Stranik, CEO of PM Studio Group, described the fit in personal terms, saying the two companies shared the same philosophy, DNA, passion for the product and out-of-the-box thinking that drives them to keep pushing the boundaries of creativity.
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 creativity and TNT Group's 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.