Exhibit 12.1

Chesapeake Corporation

Computation of Ratio of Earnings to Fixed Charges

(in millions, except for ratio of earnings to fixed charges)



|                                                                                                                               |  |                       |   |           |   |           |   |           |   |           
|------------------------------------------------------------------------------------------------------------------------------ |  | --------------------- | - | --------- | - | --------- | - | --------- | - | ----------
|                                                                                                                               |  | Fiscal Years Ended On
|                                                                                                                               |  | 12/28/03              |   | 12/29/02  |   | 12/30/01  |   | 12/31/00  |   | 12/31/99  
|                                                                                                                               |  |                       |   |           |   |           |   |           |   |           
|Earnings:                                                                                                                      |  |                       |   |           |   |           |   |           |   |           
|Pre tax income from continuing operations before                                                                               |  |                       |   |           |   |           |   |           |   |           
|adjustment for minority interests in consolidated                                                                              |  |                       |   |           |   |           |   |           |   |           
|subsidiaries or income/loss from equity investees                                                                              |  | 32.0                  |   | 26.5      |   | 15.5      |   | 16.7      |   | 76.0      
|Fixed charges                                                                                                                  |  | 46.2                  |   | 48.6      |   | 44.2      |   | 44.8      |   | 38.3      
|Pre tax losses of equity investees                                                                                             |  | -                     |   | -         |   | (0.4      | ) | (0.6      | ) | -         
|                                                                                                                               |  | ---------             |   | --------- |   | --------- |   | --------- |   | ----------
|                                                                                                                               |  | 78.2                  |   | 75.1      |   | 59.3      |   | 60.9      |   | 114.3     
|                                                                                                                               |  |                       |   |           |   |           |   |           |   |           
|Less capitalized interest                                                                                                      |  | (1.0                  | ) | (0.1      | ) | -         |   | -         |   | -         
|Less minority interest                                                                                                         |  | -                     |   | -         |   | (0.1      | ) | (0.3      | ) | -         
|                                                                                                                               |  | ---------             |   | --------- |   | --------- |   | --------- |   | ----------
|Total Earnings                                                                                                                 |  | 77.2                  |   | 75.0      |   | 59.2      |   | 60.6      |   | 114.3     
|                                                                                                                               |  |                       |   |           |   |           |   |           |   |           
|Fixed Charges:                                                                                                                 |  |                       |   |           |   |           |   |           |   |           
|Interest expensed and capitalized and amortization                                                                             |  |                       |   |           |   |           |   |           |   |           
|of premiums, discounts and capitalized                                                                                         |  |                       |   |           |   |           |   |           |   |           
|expenses related to indebtedness                                                                                               |  | 43.8                  |   | 46.3      |   | 41.7      |   | 42.9      |   | 37.4      
|Estimated interest component of rental expense (1)                                                                             |  | 2.4                   |   | 2.3       |   | 2.5       |   | 1.9       |   | 0.9       
|                                                                                                                               |  | ---------             |   | --------- |   | --------- |   | --------- |   | ----------
|Total Fixed Charges                                                                                                            |  | 46.2                  |   | 48.6      |   | 44.2      |   | 44.8      |   | 38.3      
|                                                                                                                               |  |                       |   |           |   |           |   |           |   |           
|Ratio of earnings to fixed charges                                                                                             |  | 1.7                   |   | 1.5       |   | 1.3       |   | 1.4       |   | 3.0       
|                                                                                                                               |  |                       |   |           |   |           |   |           |   |           
|                                                                                                                               |  |                       |   |           |   |           |   |           |   |           
|(1) Represents approximately one-third of rent expense which is deemed to represent the interest component of rental payments.
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