PM Studio Group acquires TNT Group in USD 145.7M deal
The newly combined entity will cover the full packaging value chain, from initial design through to logistics.
FRANCE – PM Studio Group, a French specialist in gifting, secondary packaging, and bespoke accessories, has announced its acquisition of TNT Group, a company specializing in premium primary and secondary packaging for the beauty and wine & spirits sectors.
The combined business will generate approximately €130 million (USD 145.7 million) in revenue and employ nearly 150 people worldwide.
It brings together PM Studio Group’s strength in gifting and secondary packaging with TNT Group’s engineering expertise and eco-design capabilities.
PM Studio Group currently generates more than €70 million (USD 78.46 million) in revenue and employs over 90 people, forming the foundation of the enlarged group following the acquisition.
As part of the transaction, Thomas Diezinger and Toby Cattermole are reinvesting a substantial share of their sale proceeds back into the group.
Damon Kennish has been appointed CEO of TNT Group.
TNT Group operates a fabless model and is known for its metalworking capabilities, including recycled zamak, aluminum, brass, and stainless steel.
Its materials expertise has since broadened to include plastic, wood, paper, fabric, and stone.
Thomas Diezinger, co-founder of TNT Group, said, “We are approaching this new phase with enthusiasm and anticipation. We are creating a global leader in packaging.” “PM Studio Group’s unparalleled creativity, combined with TNT Group’s cutting-edge engineering, all dedicated to complementary projects and client portfolios, allows us to look ahead to the coming years with a strong ambition for growth.”
The enlarged group has a presence across Europe, Asia, the Middle East, and North America. TNT Group operates offices in Hong Kong, Paris, and New York, alongside a dedicated recycled zamak division.
The immediate priority is to operationally integrate the two companies in order to better serve client portfolios across the beauty, luxury, and wine & spirits markets.
TNT Group is a luxury packaging company that designs, develops, and manufactures high-end primary and secondary packaging solutions for the fragrance, skincare, makeup, beauty, and premium spirits industries.
It offers custom-engineered caps, closures, lipstick packaging, skincare jars, applicators, decorative metal parts, refillable systems, and premium secondary packaging for prestige fragrance, skincare, and makeup brands.
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