EXHIBIT 12.01



CARAUSTAR INDUSTRIES, INC.



COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(IN THOUSANDS)



|                                                                                                                                                                  |  |      |        |   |      |   |        |      |  |   |         |     |  |      |         |     |  |   |         |    
|----------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---- | ------ | - | ---- | - | ------ | ---- |  | - | ------- | --- |  | ---- | ------- | --- |  | - | ------- | ---
|                                                                                                                                                                  |  | 1999 |        |   | 2000 |   |        | 2001 |  |   | 2002    |     |  | 2003 |        
|EARNINGS:                                                                                                                                                         |  |      |        |   |      |   |        |      |  |   |         |     |  |      |         |     |  |   |         |    
|Income from continuing operations before income taxes, minority interest, reversal of loss on discontinued operations and cumulative effect of
accounting changes |  | $    | 64,445 |   |      | $ | 13,829 |      |  | $ | (22,295 | )   |  | $    | (27,778 | )   |  | $ | (42,330 | )  
|Equity in income of less-than-50-percent-owned entities                                                                                                           |  |      | 0      |   |      |   | 0      |      |  |   | 0       |     |  |      | 0       |     |  |   | 0       |    
|Fixed charges                                                                                                                                                     |  |      | 30,528 |   |      |   | 41,776 |      |  |   | 49,997  |     |  |      | 47,245  |     |  |   | 54,288  |    
|Less capitalized interest expense                                                                                                                                 |  |      | (626   | ) |      |   | (852   | )    |  |   | 0       |     |  |      | 0       |     |  |   | 0       |    
|                                                                                                                                                                  |  |      |        |   |      |   |        |      |  |   |         |     |  |      |         |     |  |   |         |    
|Earnings                                                                                                                                                          |  | $    | 94,347 |   |      | $ | 54,753 |      |  | $ | 27,702  |     |  | $    | 19,467  |     |  | $ | 11,958  |    
|                                                                                                                                                                  |  |      |        |   |      |   |        |      |  |   |         |     |  |      |         |     |  |   |         |    
|FIXED CHARGES:                                                                                                                                                    |  |      |        |   |      |   |        |      |  |   |         |     |  |      |         |     |  |   |         |    
|Interest expense                                                                                                                                                  |  | $    | 25,735 |   |      | $ | 35,730 |      |  | $ | 43,492  |     |  | $    | 39,938  |     |  | $ | 47,227  |    
|Amortization of debt issuance costs                                                                                                                               |  |      | 142    |   |      |   | 737    |      |  |   | 1,566   |     |  |      | 1,534   |     |  |   | (214    | )  
|Estimate of the interest cost within rental expense                                                                                                               |  |      | 4,025  |   |      |   | 4,457  |      |  |   | 4,939   |     |  |      | 5,773   |     |  |   | 7,275   |    
|Capitalized interest expense                                                                                                                                      |  |      | 626    |   |      |   | 852    |      |  |   | 0       |     |  |      | 0       |     |  |   | 0       |    
|                                                                                                                                                                  |  |      |        |   |      |   |        |      |  |   |         |     |  |      |         |     |  |   |         |    
|Fixed charges                                                                                                                                                     |  | $    | 30,528 |   |      | $ | 41,776 |      |  | $ | 49,997  |     |  | $    | 47,245  |     |  | $ | 54,288  |    
|                                                                                                                                                                  |  |      |        |   |      |   |        |      |  |   |         |     |  |      |         |     |  |   |         |    
|Ratio of earnings to fixed charges                                                                                                                                |  |      | 3.09   |   |      |   | 1.31   |      |  |   | 0.55    | (1) |  |      | 0.41    | (1) |  |   | 0.22    | (1)
|                                                                                                                                                                  |  |      |        |   |      |   |        |      |  |   |         |     |  |      |         |     |  |   |         |    

---

|(1) | The 2003, 2002 and 2001 earnings were inadequate to cover fixed charges. The cover deficiency was $ 42.3 million, $27.8 million and $22.3 million for 2003, 2002 and 2001,
respectively.
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