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 |  
|                                                                                                                                                            |  | 1/02/04               |   |  | 12/28/03 |   |  | 12/29/02 |   |  | 12/30/01 |   |  | 12/31/00 |    
|Earnings:                                                                                                                                                   |  |                       |   |  |          |   |  |          |   |  |          |   |  |          |    
|Pre tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income/loss from
equity investees |  | 9.3                   |   |  | 24.8     |   |  | 11.7     |   |  | 1.3      |   |  | (0.3     | )  
|Fixed charges                                                                                                                                               |  | 40.1                  |   |  | 46.7     |   |  | 48.6     |   |  | 44.2     |   |  | 44.8     |    
|Pre tax losses of equity investees                                                                                                                          |  |                      |   |  |         |   |  |         |   |  | (0.4     | ) |  | (0.6     | )  
|                                                                                                                                                            |  |                       |   |  |          |   |  |          |   |  |          |   |  |          |    
|                                                                                                                                                            |  | 49.4                  |   |  | 71.5     |   |  | 60.3     |   |  | 45.1     |   |  | 43.9     |    
|Less capitalized interest                                                                                                                                   |  | (0.4                  | ) |  | (1.0     | ) |  | (0.1     | ) |  |         |   |  |         |    
|Less minority interest                                                                                                                                      |  |                      |   |  |         |   |  |         |   |  | (0.1     | ) |  | (0.3     | )  
|                                                                                                                                                            |  |                       |   |  |          |   |  |          |   |  |          |   |  |          |    
|Total Earnings                                                                                                                                              |  | 49.0                  |   |  | 70.5     |   |  | 60.2     |   |  | 45.2     |   |  | 44.2     |    
|Fixed Charges:                                                                                                                                              |  |                       |   |  |          |   |  |          |   |  |          |   |  |          |    
|Interest expensed and capitalized and amortization of premiums, discounts and capitalized expenses related to indebtedness                                  |  | 37.8                  |   |  | 44.3     |   |  | 46.3     |   |  | 41.7     |   |  | 42.9     |    
|Estimated interest component of rental expense (1)                                                                                                          |  | 2.3                   |   |  | 2.4      |   |  | 2.3      |   |  | 2.5      |   |  | 1.9      |    
|                                                                                                                                                            |  |                       |   |  |          |   |  |          |   |  |          |   |  |          |    
|Total Fixed Charges                                                                                                                                         |  | 40.1                  |   |  | 46.7     |   |  | 48.6     |   |  | 44.2     |   |  | 44.8     |    
|Ratio of earnings to fixed charges                                                                                                                          |  | 1.2                   |   |  | 1.5      |   |  | 1.2      |   |  | 1.0      |   |  |         | (2)



|(1) | Represents approximately one-third of rent expense which is deemed to represent the interest component of rental payments.
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|(2) | Earnings, as defined, were inadequate to cover fixed charges by $0.6 million.
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