Picture Source Purchases Somerset Studios
March 16, 2016,
SEATTLE—Artwork resource Picture Source has acquired Somerset Studios, creator and supplier of framed art.
Haiku I is from the new Picture Source Somerset
Terms of the deal, which was completed March 9, were not disclosed. The new company will be known as Picture Source Somerset and debut at High Point Market next month.
The corporate headquarters will remain at Picture Source’s current location here, while Picture Source’s design, production and shipping operations will be relocated from here to Morganton, N.C., where Somerset has a larger 38,000-square-foot production facility that offers a dedicated handpainting department, a shiny-coated finish area and the capability to produce a wide range of other creative finishes.
John Hoyt, formerly president of Picture Source, will serve as the new company’s president, while Steve West, the former president of Somerset Studios, will become operations manager of Picture Source Somerset as well as a leader and significant contributor to the design team, the company said.
Picture Source Somerset will combine its curated collections of exclusive works from artists such as John Butler and Nicol Boettner to create a more expansive array of premiere artwork. With an in-house team of artists who will design and paint larger canvases and other fashion-focused pieces, Picture Source Somerset will design and market a wide variety of styles and looks, including vintage, natural, abstract, collage, urban and modern designs, as well as providing custom colors, applications and framing options.
Among introductions from the new company include large pieces, especially hand-painted originals and canvas products up to 48 by 72 inches, limited-edition canvases and artwork under glass; shiny acrylic coated pieces, prints floated between glass and embellished pieces.