PM Studio Group has acquired TNT Group, a company that supplies premium primary and secondary packaging to the beauty and wines & spirits sectors.
Financial terms of the deal remain undisclosed.
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PM Studio Group operates in gifting and secondary packaging.
The two businesses have combined revenue of around €130m ($145.4m) and a workforce of nearly 150 worldwide.
PM Studio Group has been backed by Andera Partners through its Andera Expansion strategy since 2024.
TNT Group was established in 2013 by Toby Cattermole and Thomas Diezinger. The company operates from Hong Kong, Paris, and New York, supplying premium packaging to established luxury houses and niche brands.
Its operations follow a fabless model, supported by industrial partners in Asia and Europe.
Cattermole and Diezinger, along with TNT Group’s key managers, will reinvest a “significant” share of the proceeds from the sale in the combined group, according to Andera.
Damon Kennish has been named CEO of TNT Group.
TNT Group co-founder Thomas Diezinger: “The outstanding creativity of PM Studio Group, combined with TNT Group’s cutting-edge engineering, serving complementary projects and client portfolios, allows us to look ahead to the coming years with strong growth ambitions.”
The deal creates a “complementary” solution spanning the complete value chain from creation through to logistics.
The enlarged group will serve major beauty and luxury groups, fast-growing niche brands, and companies in the wines & spirits sector.
Its geographical presence will cover Europe, Asia, the Middle East, and North America.
Patricia Stranik and Sven Döbert founded PM Studio Group in 2018.
The company generates more than €70m in revenue and has more than 90 employees internationally. It has recorded average annual growth of more than 30%.
Based in Paris, PM Studio Group is led by Patricia Stranik, president and CEO. The company has completed several acquisitions, including By No and Édition Limitée.
Stranik described the latest transaction as a “tremendous opportunity”.
