Exhibit 12.1



Paperweight Development Corp. and Subsidiaries

Statement of Computation of Ratio of Earnings to Fixed Charges

(unaudited)



|                                                  |  |                    |        |   |                    |   |                   |  |                   |        |                                                     |   |                                                     |  |      |        |      |   |        |  |   |         |  |   |        
|------------------------------------------------- |  | ------------------ | ------ | - | ------------------ | - | ----------------- |  | ----------------- | ------ | --------------------------------------------------- | - | --------------------------------------------------- |  | ---- | ------ | ---- | - | ------ |  | - | ------- |  | - | -------
|                                                  |  | Three Months Ended |        |   |                    |   |                   |  |                   |        |                                                     |   |                                                     | 
|                                                  |  | (SuccessorBasis)   |        |   | (PredecessorBasis) |   | (Successor Basis) |  | Predecessor Basis
|                                                  |  | April 4,2004       |        |   | March 30,2003      |   | 2003              |  | 2002              |        | For the PeriodNovember 10, 2001to December 29, 2001 |   | For the PeriodDecember 31, 2000 to November 9, 2001 |  | 2000 |        | 1999
|Net earnings from continuing operations           |  | $                  | 5,511  |   |                    | $ | 7,771             |  | $                 | 11,159 |                                                     | $ | 10,092                                              |  | $    | 7,616  |      | $ | 37,183 |  | $ | 66,161  |  | $ | 49,893 
|(Subtract) Add: Income tax (benefit) expense      |  |                    | (324   | ) |                    |   | 91                |  |                   | 83     |                                                     |   | 503                                                 |  |      | 117    |      |   | 20,625 |  |   | 32,874  |  |   | 17,715 
|Add: Interest expense                             |  |                    | 13,706 |   |                    |   | 13,550            |  |                   | 54,160 |                                                     |   | 68,354                                              |  |      | 10,638 |      |   | 25,441 |  |   | 43,244  |  |   | 42,926 
|Minority interest in net earnings of subsidiaries |  |                    |       |   |                    |   |                  |  |                   |       |                                                     |   |                                                    |  |      |       |      |   |       |  |   | 1,230   |  |   | 4,896  
|Portion of rent deemed interest factor            |  |                    | 901    |   |                    |   | 691               |  |                   | 2,662  |                                                     |   | 2,930                                               |  |      | 386    |      |   | 2,485  |  |   | 3,394   |  |   | 3,448  
|                                                  |  |                    |        |   |                    |   |                   |  |                   |        |                                                     |   |                                                     |  |      |        |      |   |        |  |   |         |  |   |        
|Total earnings available for fixed charges        |  | $                  | 19,794 |   |                    | $ | 22,103            |  | $                 | 68,064 |                                                     | $ | 81,879                                              |  | $    | 18,757 |      | $ | 85,734 |  | $ | 146,903 |  | $ | 118,878
|                                                  |  |                    |        |   |                    |   |                   |  |                   |        |                                                     |   |                                                     |  |      |        |      |   |        |  |   |         |  |   |        
|Fixed charges:                                    |  |                    |        |   |                    |   |                   |  |                   |        |                                                     |   |                                                     |  |      |        |      |   |        |  |   |         |  |   |        
|Interest expense                                  |  |                    | 13,706 |   |                    |   | 13,550            |  |                   | 54,160 |                                                     |   | 68,354                                              |  |      | 10,638 |      |   | 25,441 |  |   | 43,244  |  |   | 42,926 
|Portion of rent deemed interest factor            |  |                    | 901    |   |                    |   | 691               |  |                   | 2,662  |                                                     |   | 2,930                                               |  |      | 386    |      |   | 2,485  |  |   | 3,394   |  |   | 3,448  
|                                                  |  |                    |        |   |                    |   |                   |  |                   |        |                                                     |   |                                                     |  |      |        |      |   |        |  |   |         |  |   |        
|Total fixed charges                               |  | $                  | 14,607 |   |                    | $ | 14,241            |  | $                 | 56,822 |                                                     | $ | 71,284                                              |  | $    | 11,024 |      | $ | 27,926 |  | $ | 46,638  |  | $ | 46,374 
|                                                  |  |                    |        |   |                    |   |                   |  |                   |        |                                                     |   |                                                     |  |      |        |      |   |        |  |   |         |  |   |        
|Ratio of earnings to fixed charges                |  |                    | 1.4    |   |                    |   | 1.6               |  |                   | 1.2    |                                                     |   | 1.1                                                 |  |      | 1.7    |      |   | 3.1    |  |   | 3.1     |  |   | 2.6    
|                                                  |  |                    |        |   |                    |   |                   |  |                   |        |                                                     |   |                                                     |  |      |        |      |   |        |  |   |         |  |   |