The south London printer’s acquisition of the Guildford-based business, which has a turnover of around £400,000, was completed on 30 September.
Mint Source will be integrated with Displayways and its founder Sue Woods, who established Mint Source 12 years ago, will stay on as a consultant for 12 months to manage her existing client base.
Woods has previously held directorships and senior management positions with companies including Service Graphics and Photobition.
She said: “I am proud to have grown the business from scratch to a point where we are able to deliver a complete display solution to our customers.
“Our customers value the partnership approach we are able to provide but I felt that the business now requires investment and the support of a larger organisation to take it forwards.
“I will remain fully involved in supporting the clients whilst Displayways will be able to better support the project management, production and installation of projects through their greater capability and capacity.”
Displayways managing director Rob Kelly said the acquisition "is a way to grow both businesses".
“I have known and worked with Sue for 25 years and am delighted to have her on board; we’ve been talking for a while and the business values fit together. She approaches business with a high level of integrity and is well known in the industry for her vast experience,” said Kelly.
“Sue’s clients are at the top end of the market where they want a service and are not just buying on price. If they send a job your way they want you to manage the job and come up with the solutions of how to do it.”
He added: “The acquisition of Mint Source fits perfectly with our strategy to grow our market share at the bespoke end of the display graphics market.
“Displayways are renowned for providing graphics and display solutions for unusual, complicated and difficult applications and Sue has the same philosophy and approach to the market whereby we both provide a consultancy to clients who want and need the highest level of support.”
Rob Kelly and Peter Sheldrick acquired Displayways in 2012. Over the past year the firm has completed a £500,000 round of investment, which included a move to new offices and the purchase of a Mimaki JFX500 UV 2x3m flatbed printer and an Agfa Anapurna 3200 3.2m UV roll-to-roll printer.
The company has 23 staff and a turnover of £2.5m, which Kelly said is heading towards £2.8m. Its customers include visitor centres, museums and show organisers.
