Exhibit 12.1

Paperweight Development Corp. and Subsidiaries

Statement of Computation of Ratio of Earnings to
Fixed Charges

(unaudited)



|                                           |  |                   |        |                   |      |   |         |      |  |      |        |                                                       |   |                                                      |  |   |        |  |   |       
|------------------------------------------ |  | ----------------- | ------ | ----------------- | ---- | - | ------- | ---- |  | ---- | ------ | ----------------------------------------------------- | - | ---------------------------------------------------- |  | - | ------ |  | - | ------
|                                           |  | (Successor Basis) |        | Predecessor Basis
|                                           |  | 2005              |        |                   | 2004 |   |         | 2003 |  | 2002 |        | For the Period November 10, 2001 to December 29, 2001 |   | For the Period December 31, 2000 to November 9, 2001
|Net earnings from continuing operations    |  | $                 | (3,014 | )                 |      | $ | (25,031 | )    |  | $    | 11,159 |                                                       | $ | 10,092                                               |  | $ | 7,616  |  | $ | 37,183
|                                           |  |                   |        |                   |      |  
|Add: Income tax expense                    |  |                   | (357   | )                 |      |   | 249     |      |  |      | 83     |                                                       |   | 503                                                  |  |   | 117    |  |   | 20,625
|                                           |  |                   |        |                   |      |  
|Add: Interest expense                      |  |                   | 49,780 |                   |      |   | 49,595  |      |  |      | 54,160 |                                                       |   | 68,354                                               |  |   | 10,638 |  |   | 25,441
|                                           |  |                   |        |                   |      |  
|Portion of rent deemed interest factor     |  |                   | 3,053  |                   |      |   | 3,347   |      |  |      | 2,662  |                                                       |   | 2,930                                                |  |   | 386    |  |   | 2,485 
|                                           |  |                   |        |                   |      |   |         |      |  |      |        |                                                       |   |                                                      |  |   |        |  |   |       
|Total earnings available for fixed charges |  | $                 | 49,462 |                   |      | $ | 28,160  |      |  | $    | 68,064 |                                                       | $ | 81,879                                               |  | $ | 18,757 |  | $ | 85,734
|                                           |  |                   |        |                   |      |   |         |      |  |      |        |                                                       |   |                                                      |  |   |        |  |   |       
|Fixed charges:                             |  |                   |        |                   |      |   |         |      |  |      |        |                                                       |   |                                                      |  |   |        |  |   |       
|                                           |  |                   |        |                   |      |  
|Interest expense                           |  |                   | 49,780 |                   |      |   | 49,595  |      |  |      | 54,160 |                                                       |   | 68,354                                               |  |   | 10,638 |  |   | 25,441
|                                           |  |                   |        |                   |      |  
|Portion of rent deemed interest factor     |  |                   | 3,053  |                   |      |   | 3,347   |      |  |      | 2,662  |                                                       |   | 2,930                                                |  |   | 386    |  |   | 2,485 
|                                           |  |                   |        |                   |      |   |         |      |  |      |        |                                                       |   |                                                      |  |   |        |  |   |       
|Total fixed charges                        |  | $                 | 52,833 |                   |      | $ | 52,942  |      |  | $    | 56,822 |                                                       | $ | 71,284                                               |  | $ | 11,024 |  | $ | 27,926
|                                           |  |                   |        |                   |      |   |         |      |  |      |        |                                                       |   |                                                      |  |   |        |  |   |       
|Ratio of earnings to fixed charges         |  |                   | 0.9    |                   |      |   | 0.5     |      |  |      | 1.2    |                                                       |   | 1.1                                                  |  |   | 1.7    |  |   | 3.1   
|                                           |  |                   |        |                   |      |   |         |      |  |      |        |                                                       |   |                                                      |  |   |        |  |   |