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And he doesn't owe anyone a cent.
"In the last four years we have managed to save enough money to buy it outright," reveals Merritt, director of Printing Services. The shop's savings, he added, were about $2 million.
It helps that Printing Services is not budgeted by the University but must support itself on its own profits. Last year, Merritt says, the 103-employee shop brought in $8.5 million in printing and copying sales. The new press will allow the in-plant to handle that business much more efficiently, he says, chiefly because of its speed and automation.
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