PM Studio Group acquires TNT Group, forming premium packaging group with EUR 130m turnover

PM Studio Group has acquired TNT Group, a specialist in high-end primary and secondary packaging for the beauty and wine and spirits sectors, creating a group with roughly EUR 130m (USD 145m) of combined turnover and about 150 staff internationally. TNT Group founders Thomas Diezinger and Toby Cattermole have reinvested part of their disposal proceeds, and Damon Kennish becomes chief executive of TNT Group. No transaction value was disclosed; the next step is operational consolidation of the two businesses.

Why this mattersThe deal creates a vertically integrated premium packaging player spanning design, metal engineering and secondary packaging, raising competitive pressure on rivals serving luxury beauty and spirits brands.

• Combined group turnover is approximately EUR 130m (USD 145m).
• PM Studio Group alone had turnover of more than EUR 70m (USD 78m) and over 90 employees before the deal.
• The enlarged group employs about 150 people internationally.
• TNT Group founders Thomas Diezinger and Toby Cattermole reinvested part of their sale proceeds in the group.
• Damon Kennish is appointed chief executive of TNT Group.
• TNT Group operates a fabless model with metal engineering expertise in recycled zamak, aluminium, brass and stainless steel, plus offices in Hong Kong, Paris and New York.

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