PM Studio Group has acquired TNT Group, a specialist in premium primary and secondary packaging for the beauty and wines and spirits industries, extending the French group's acquisition-led growth strategy.
PM Studio Group works in gifting, secondary packaging and bespoke accessories for beauty, luxury, fashion, jewelry and watch brands. TNT Group adds complementary expertise in engineering and high-end packaging design. Together the two businesses generate approximately EUR 130 million (about USD 145 million) in revenue and employ nearly 150 people worldwide.
Two businesses, complementary strengths
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 splits between luggage (55%), packaging (30%) and accessories (15%), and it employs more than 90 people worldwide.
Headquartered in Paris, PM Studio Group 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 and fast-growing niche brands, particularly in beauty and wines and spirits. The company is known for engineering and eco-design that translate 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 is described as a pioneer in the use of recycled zamak.
Reach, structure and leadership
The two groups say combining their expertise will let them cover a larger share of the value chain, from design to logistics, and broaden their customer base across major international groups and emerging niche brands. They also expect to strengthen their reach in Europe, Asia, the Middle East and North America.
Beyond complementary offerings, the deal reflects PM Studio Group's ambition to build a global platform with further growth driven by acquisitions, pairing its creative expertise with TNT Group's technical know-how to widen the packaging solutions available to brands.
Patricia Stranik, CEO of PM Studio Group, described the fit as immediate, saying the two companies share the same philosophy, DNA and passion for the product, as well as an unconventional mindset that pushes them to keep testing the limits 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. Thomas Diezinger framed the partnership as bringing together PM Studio Group's creativity and TNT Group's engineering to create a global packaging group serving complementary projects and customer portfolios.
To support growth through project synergies, Damon Kennish has been appointed CEO of TNT Group. He joined the company in 2025 and previously served as its Chief Business Officer.
PM Studio Group, a certified B Corp and EcoVadis Platinum medalist, says it plans to continue expanding internationally while preserving the distinct identities and entrepreneurial agility of both businesses.