Graphics International, LLC entered into an asset purchase agreement to acquire Donihe Graphics, Inc. and The Merten Co. from Champion Industries Inc. (OTCPK:CHMP) for $1.1 million in cash on November 30, 2012. The purchase price is subject to adjustments. The transaction is subject to regulatory approval and the approval by the Board of Directors of Graphics International, Donihe and The Merten Co. The proceeds of this transaction were utilized to pay the Bullet Note issued by Champion pursuant to the terms of the first amended and restated credit agreement dated October 19, 2012 among Champion and various lenders from time to time party thereto and Fifth Third bank, an Ohio banking corporation, as administrative agent and L/C Issuer. F. Lee Weaver of Weaver, Bennett & Bland, P.A. acted as the legal advisor for Graphics International. Thomas J. Murray of Huddleston Bolen LLP acted as the legal advisor for Champion Industries.

Graphics International, LLC completed the acquisition of Donihe Graphics, Inc. and The Merten Co. from Champion Industries Inc. (OTCPK:CHMP) on December 4, 2012.