PM Studio Group is continuing its acquisition-led growth strategy with the purchase of TNT Group, a specialist in premium primary and secondary packaging for the beauty and wines and spirits industries.
The French group, which specializes in gifting, secondary packaging and bespoke accessories for beauty, luxury, fashion, jewelry and watch brands, said the deal expands its capabilities by adding TNT Group's expertise in engineering and high-end packaging design.
Founded in 2018 by Patricia Stranik and Sven Döbert, PM Studio Group has reported average annual growth of more than 30%, reaching revenue of over EUR 70 million (about USD 78 million) in 2025. Its business is split between luggage (55%), packaging (30%) and accessories (15%). The company employs more than 90 people worldwide. Headquartered in Paris, it has been backed by investment fund Andera Expansion since 2024 and has already completed several acquisitions, including By No and Édition Limitée.
Complementary expertise
TNT Group was founded in 2013 by Toby Cattermole and Thomas Diezinger and operates from Hong Kong, Paris and New York, serving both established luxury houses and fast-growing niche brands, particularly in beauty and wines and spirits. The company works in engineering and eco-design, translating 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 is described as a pioneer in the use of recycled zamak.
Together, the two groups generate approximately EUR 130 million (about USD 145 million) in revenue and employ nearly 150 people worldwide.
A broader platform and reach
By combining their expertise, the groups aim to cover a larger share of the value chain, from design to logistics, and to broaden their customer base across major international groups and fast-growing niche brands. They also expect to strengthen their reach across Europe, Asia, the Middle East and North America.
Beyond the complementary nature of their offerings, the acquisition reflects PM Studio Group's ambition to build a global platform with further growth driven by acquisitions. The group plans to draw on its creative expertise alongside 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 match as "love at first sight," saying the two companies share the same philosophy, DNA and passion for the product, as well as the 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 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.
Damon Kennish has been appointed CEO of TNT Group to support the growth ambitions of both businesses through project synergies. 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, plans to continue expanding internationally while preserving the distinct identities and entrepreneurial agility of both businesses.