Exhibit 12.01

Caraustar Industries, Inc.

Exhibit 12.01 For the Periods Presented

(dollars in thousands)

As of
December 31, 2007



|                                                                                                                                                                          |  |      |         |   |      |   |         |      |  |   |          |   |  |      |         |   |  |   |         |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---- | ------- | - | ---- | - | ------- | ---- |  | - | -------- | - |  | ---- | ------- | - |  | - | ------- | -
|                                                                                                                                                                          |  | 2003 |         |   | 2004 |   |         | 2005 |  |   | 2006     |   |  | 2007 |        
|Earnings:                                                                                                                                                                 |  |      |         |   |      |   |         |      |  |   |          |   |  |      |         |   |  |   |         |  
|Income (Loss) from continuing operations before income taxes, minority interest, reversal of loss on discontinued operations, and cumulative
effect of accounting changes |  | $    | (50,023 | ) |      | $ | (32,766 | )    |  | $ | (161,693 | ) |  | $    | 74,317  |   |  | $ | (28,100 | )
|Plus distributed income of equity investees                                                                                                                               |  |      | 6,150   |   |      |   | 20,250  |      |  |   | 39,500   |   |  |      | 8,000   |   |  |   | 4,000   |  
|Fixed charges                                                                                                                                                             |  |      | 54,280  |   |      |   | 51,912  |      |  |   | 51,481   |   |  |      | 33,808  |   |  |   | 25,213  |  
|Less capitalized interest expense                                                                                                                                         |  |      |        |   |      |   |        |      |  |   |         |   |  |      |        |   |  |   |        |  
|                                                                                                                                                                          |  |      |         |   |      |   |         |      |  |   |          |   |  |      |         |   |  |   |         |  
|Earnings                                                                                                                                                                  |  | $    | 10,407  |   |      | $ | 39,396  |      |  | $ | (70,712  | ) |  | $    | 116,125 |   |  | $ | 1,113   |  
|                                                                                                                                                                          |  |      |         |   |      |   |         |      |  |   |          |   |  |      |         |   |  |   |         |  
|Fixed charges:                                                                                                                                                            |  |      |         |   |      |   |         |      |  |   |          |   |  |      |         |   |  |   |         |  
|Interest expense                                                                                                                                                          |  | $    | 47,219  |   |      | $ | 46,214  |      |  | $ | 46,768   |   |  | $    | 29,184  |   |  | $ | 21,984  |  
|Amortization of debt issuance costs                                                                                                                                       |  |      | (214    | ) |      |   | (876    | )    |  |   | (997     | ) |  |      | (1,161  | ) |  |   | (1,114  | )
|Estimate of the interest cost within rental expense                                                                                                                       |  |      | 7,275   |   |      |   | 6,574   |      |  |   | 5,710    |   |  |      | 5,083   |   |  |   | 4,343   |  
|Capitalized interest expense                                                                                                                                              |  |      |        |   |      |   |        |      |  |   |         |   |  |      | 702     |   |  |   |        |  
|                                                                                                                                                                          |  |      |         |   |      |   |         |      |  |   |          |   |  |      |         |   |  |   |         |  
|Fixed charges                                                                                                                                                             |  | $    | 54,280  |   |      | $ | 51,912  |      |  | $ | 51,481   |   |  | $    | 33,808  |   |  | $ | 25,213  |  
|                                                                                                                                                                          |  |      |         |   |      |   |         |      |  |   |          |   |  |      |         |   |  |   |         |  
|Ratio of earnings to fixed charges                                                                                                                                        |  |      | 0.19    |   |      |   | 0.76    | (1)  |  |   | (1.37    | ) |  |      | 3.43    |   |  |   | 0.04    |  
|                                                                                                                                                                          |  |      |         |   |      |   |         |      |  |   |          |   |  |      |         |   |  |   |         |  
|Shortfall of 1 to 1 ratio                                                                                                                                                 |  |      | (43,873 | ) |      |   | (12,516 | )    |  |   | (122,193 | ) |  |      | 82,317  |   |  |   | (24,100 | )



|(1) | The 2007, 2005, 2004, and 2003 earnings were inadequate to cover fixed charges. The cover deficiency was $24.1 million, $122.2 million, 12.5 million and 43.9 million,
respectively.
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