PM Studio Group has acquired TNT Group, bringing together two specialists in premium packaging for the beauty and luxury sectors as the French group continues a growth strategy built on acquisitions.
PM Studio Group, based in Paris, focuses on gifting, secondary packaging and bespoke accessories for beauty, luxury, fashion, jewellery and watch brands. TNT Group specialises in premium primary and secondary packaging for the beauty sector and for wines and spirits. The combined business generates around EUR 130 million (about USD 145 million) in revenue and employs close to 150 people worldwide, according to the companies.
Complementary expertise
Founded in 2018 by Patricia Stranik and Sven Döbert, PM Studio Group has grown at an average annual rate of more than 30%, reaching revenue of over EUR 70 million (about USD 78 million) in 2025. Its business is divided between luggage (55%), packaging (30%) and accessories (15%), and it employs more than 90 people globally. The company has been backed by the investment fund Andera Expansion since 2024 and has already completed 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 as well as fast-growing niche brands, particularly in beauty and wines and spirits. The company cites expertise in engineering and eco-design, which it uses to translate creative concepts into bespoke technical solutions.
Operations and materials
Both groups run a fabless model, outsourcing manufacturing to a network of industrial partners in Asia and Europe. TNT Group is also described as a pioneer in the use of recycled zamak.
The acquisition is intended to let the two groups 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. The companies say the combination will strengthen their reach in Europe, Asia, the Middle East and North America.
Leadership and investment
Under the deal, TNT Group founders Cattermole and Diezinger are reinvesting a significant portion of the sale proceeds in the combined business, alongside key members of the TNT Group management team. Damon Kennish has been appointed CEO of TNT Group; he joined the company in 2025 as Chief Business Officer.
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. The group said the transaction reflects its ambition to build a global platform with further growth driven by acquisitions, leveraging its creative expertise alongside 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.
For Thomas Diezinger, the partnership combines PM Studio Group's "outstanding creativity" with "TNT Group's cutting-edge engineering" to create a global packaging powerhouse serving complementary projects and customer portfolios.