Item 2.01 Completion of Acquisition or Disposition of Assets.

On July 2, 2012 Champion Industries, Inc.'s ("Champion") wholly owned subsidiary Interform Corporation ("Seller") sold substantially all the assets of its Consolidated Graphic Communications business headquartered in Bridgeville, Pennsylvania to Safeguard Acquisition, Inc., a Texas corporation ("Buyer") pursuant to an Asset Purchase Agreement among Champion, Seller and Buyer dated July 2, 2012 (the "Agreement"). Seller received $3,100,000 cash at closing, with another $400,000 retained by Buyer to be paid to Seller upon Buyer's verification of the accuracy of Seller's representations in the Agreement, among other conditions. The Agreement further provides for a post-closing Shareholder Equity/Working Capital Calculation which could result in Seller receiving additional purchase price or having to return a portion of the purchase price.

The Agreement contains representations and warranties, covenants and indemnification provisions common to transactions of its nature.

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