Exhibit 12.1



Paperweight Development Corp. and Subsidiaries

Statement of Computation of Ratio of Earnings to Fixed Charges

(unaudited)



|                                                  |  |                  |        |   |                   |   |                   |      |  |   |         |   |      |   |                                                     |  |                                                    |        |      |   |        |  |   |        |  |   |        
|------------------------------------------------- |  | ---------------- | ------ | - | ----------------- | - | ----------------- | ---- |  | - | ------- | - | ---- | - | --------------------------------------------------- |  | -------------------------------------------------- | ------ | ---- | - | ------ |  | - | ------ |  | - | -------
|                                                  |  | Six Months Ended |        |   | (Successor Basis) |   | Predecessor Basis
|                                                  |  | July 3,2005      |        |   | July 4,2004       |   |                   | 2004 |  |   | 2003    |   | 2002 |   | For the PeriodNovember 10, 2001 toDecember 29, 2001 |  | For the PeriodDecember 31, 2000 toNovember 9, 2001 |        | 2000
|Net earnings from continuing operations           |  | $                | (5,278 | ) |                   | $ | (30,362           | )    |  | $ | (25,031 | ) |      | $ | 11,159                                              |  | $                                                  | 10,092 |      | $ | 7,616  |  | $ | 37,183 |  | $ | 66,161 
|Add: Income tax expense                           |  |                  | (941   | ) |                   |   | (1,159            | )    |  |   | 249     |   |      |   | 83                                                  |  |                                                    | 503    |      |   | 117    |  |   | 20,625 |  |   | 32,874 
|Add: Interest expense                             |  |                  | 24,558 |   |                   |   | 26,538            |      |  |   | 49,595  |   |      |   | 54,160                                              |  |                                                    | 68,354 |      |   | 10,638 |  |   | 25,441 |  |   | 43,244 
|Minority interest in net earnings of subsidiaries |  |                  |       |   |                   |   |                  |      |  |   |        |   |      |   |                                                    |  |                                                    |       |      |   |       |  |   |       |  |   | 1,230  
|Portion of rent deemed interest factor            |  |                  | 1,619  |   |                   |   | 1,782             |      |  |   | 3,347   |   |      |   | 2,662                                               |  |                                                    | 2,930  |      |   | 386    |  |   | 2,485  |  |   | 3,394  
|                                                  |  |                  |        |   |                   |   |                   |      |  |   |         |   |      |   |                                                     |  |                                                    |        |      |   |        |  |   |        |  |   |        
|Total earnings available for fixed charges        |  | $                | 19,958 |   |                   | $ | (3,201            | )    |  | $ | 28,160  |   |      | $ | 68,064                                              |  | $                                                  | 81,879 |      | $ | 18,757 |  | $ | 85,734 |  | $ | 146,903
|                                                  |  |                  |        |   |                   |   |                   |      |  |   |         |   |      |   |                                                     |  |                                                    |        |      |   |        |  |   |        |  |   |        
|Fixed charges:                                    |  |                  |        |   |                   |   |                   |      |  |   |         |   |      |   |                                                     |  |                                                    |        |      |   |        |  |   |        |  |   |        
|Interest expense                                  |  |                  | 24,558 |   |                   |   | 26,538            |      |  |   | 49,595  |   |      |   | 54,160                                              |  |                                                    | 68,354 |      |   | 10,638 |  |   | 25,441 |  |   | 43,244 
|Portion of rent deemed interest factor            |  |                  | 1,619  |   |                   |   | 1,782             |      |  |   | 3,347   |   |      |   | 2,662                                               |  |                                                    | 2,930  |      |   | 386    |  |   | 2,485  |  |   | 3,394  
|                                                  |  |                  |        |   |                   |   |                   |      |  |   |         |   |      |   |                                                     |  |                                                    |        |      |   |        |  |   |        |  |   |        
|Total fixed charges                               |  | $                | 26,177 |   |                   | $ | 28,320            |      |  | $ | 52,942  |   |      | $ | 56,822                                              |  | $                                                  | 71,284 |      | $ | 11,024 |  | $ | 27,926 |  | $ | 46,638 
|                                                  |  |                  |        |   |                   |   |                   |      |  |   |         |   |      |   |                                                     |  |                                                    |        |      |   |        |  |   |        |  |   |        
|Ratio of earnings to fixed charges                |  |                  | 0.8    |   |                   |   | (0.1              | )    |  |   | 0.5     |   |      |   | 1.2                                                 |  |                                                    | 1.1    |      |   | 1.7    |  |   | 3.1    |  |   | 3.1    
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