THPG was established in 1998 by Manufactum founder Thomas Hoof as the product-development and manufacturing arm of the Manufactum Group, responsible for developing many of Manufactum's own product lines. THPG separated from the Manufactum Group in 2007/2008, after which Thomas Hoof formed the independent Thomas Hoof Group. Since 2017 THPG's headquarters has been in Lüdinghausen, Germany.