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 capabilities in engineering and high-end packaging design.
PM Studio Group specialises in gifting, secondary packaging and bespoke accessories for beauty, luxury, fashion, jewelry and watch brands. It has pursued an acquisition-led growth strategy, and the addition of TNT Group marks a new stage in its development. The combined group generates approximately EUR 130 million (about USD 145 million) in revenue and employs nearly 150 people worldwide.
Two complementary businesses
Co-founded in 2018 by Patricia Stranik and Sven Döbert, PM Studio Group has achieved average annual growth of more than 30%, reaching 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 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. It serves both established luxury houses and successful niche brands, particularly in the beauty and wines and spirits sectors. The company is presented as having cutting-edge expertise in engineering and eco-design, turning creative concepts into bespoke technical solutions, and as a pioneer in the use of recycled zamak. Like PM Studio Group, TNT Group runs a fabless model, outsourcing manufacturing to a network of industrial partners across Asia and Europe.
Rationale and reach
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. PM Studio Group plans to pair its creative expertise with TNT Group's technical know-how to broaden the packaging solutions it can offer brands.
Patricia Stranik, CEO of PM Studio Group, described the fit between the two companies as immediate, citing a shared philosophy, a shared DNA, a common passion for the product and a drive to keep pushing creative boundaries. Thomas Diezinger framed the partnership as bringing together PM Studio Group's creativity and TNT Group's engineering to build a global packaging player serving complementary projects and customer portfolios.
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. Damon Kennish has been appointed CEO of TNT Group to support the two businesses' growth ambitions through project synergies; he had 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, plans to continue expanding internationally while preserving the distinct identities and entrepreneurial agility of both businesses.