Exhibit 12.01

Caraustar Industries, Inc.

Exhibit 12.01 For the Periods Presented

(dollars in thousands)

As of
December 31, 2008



|                                                                                                                                                                          |  |      |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |          |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---- | ------- | - | ---- | - | -------- | ---- |  | - | ------- | - |  | ---- | ------- | - |  | - | -------- | -
|                                                                                                                                                                          |  | 2004 |         |   | 2005 |   |          | 2006 |  |   | 2007    |   |  | 2008 |        
|Earnings:                                                                                                                                                                 |  |      |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |          |  
|Income (Loss) from continuing operations before income taxes, minority interest, reversal of loss on discontinued operations, and cumulative
effect of accounting changes |  | $    | (32,766 | ) |      | $ | (161,693 | )    |  | $ | 74,317  |   |  | $    | (28,100 | ) |  | $ | (121,343 | )
|Plus distributed income of equity investees                                                                                                                               |  |      | 20,250  |   |      |   | 39,500   |      |  |   | 8,000   |   |  |      | 4,000   |   |  |   | 5,645    |  
|Fixed charges                                                                                                                                                             |  |      | 51,912  |   |      |   | 51,481   |      |  |   | 33,808  |   |  |      | 25,213  |   |  |   | 22,494   |  
|Less capitalized interest expense                                                                                                                                         |  |      |        |   |      |   |         |      |  |   |        |   |  |      |        |   |  |   |         |  
|                                                                                                                                                                          |  |      |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |          |  
|Earnings                                                                                                                                                                  |  | $    | 39,396  |   |      | $ | (70,712  | )    |  | $ | 116,125 |   |  | $    | 1,113   |   |  | $ | (93,204  | )
|                                                                                                                                                                          |  |      |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |          |  
|Fixed charges:                                                                                                                                                            |  |      |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |          |  
|Interest expense                                                                                                                                                          |  | $    | 46,214  |   |      | $ | 46,768   |      |  | $ | 29,184  |   |  | $    | 21,984  |   |  | $ | 18,813   |  
|Amortization of debt issuance costs                                                                                                                                       |  |      | (876    | ) |      |   | (997     | )    |  |   | (1,161  | ) |  |      | (1,114  | ) |  |   | (1,187   | )
|Estimate of the interest cost within rental expense                                                                                                                       |  |      | 6,574   |   |      |   | 5,710    |      |  |   | 5,083   |   |  |      | 4,343   |   |  |   | 4,868    |  
|Capitalized interest expense                                                                                                                                              |  |      |        |   |      |   |         |      |  |   | 702     |   |  |      |        |   |  |   |         |  
|                                                                                                                                                                          |  |      |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |          |  
|Fixed charges                                                                                                                                                             |  | $    | 51,912  |   |      | $ | 51,481   |      |  | $ | 33,808  |   |  | $    | 25,213  |   |  | $ | 22,494   |  
|                                                                                                                                                                          |  |      |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |          |  
|Ratio of earnings to fixed charges                                                                                                                                        |  |      | 0.76    |   |      |   | (1.37    | )(1) |  |   | 3.43    |   |  |      | 0.04    |   |  |   | (4.14    | )
|                                                                                                                                                                          |  |      |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |          |  
|Shortfall of 1 to 1 ratio                                                                                                                                                 |  |      | (12,516 | ) |      |   | (122,193 | )    |  |   | 82,317  |   |  |      | (24,100 | ) |  |   | (115,698 | )



|(1) | The 2008, 2007, 2005 AND 2004 earnings were inadequate to cover fixed charges. The cover deficiency was $115.7 million, $24.1 million, $122.2 million and 12.5 million,
respectively.
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