Caraustar Industries (CSAR) 8-K Bankruptcy or Receivership

Exhibit 99.2

CARAUSTAR INDUSTRIES, INC. AND SUBSIDIARIES

(Debtors-in-Possession since May 31, 2009)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands, except share data)

	June 30, 2009
Assets
Current assets:
Cash and cash equivalents	$	4,793
Restricted cash		17,068
Receivables, net of allowances for doubtful accounts, returns, and discounts of $4,496 as of June 30, 2009		63,673
Inventories		48,578
Refundable income taxes		418
Other current assets		9,744
Assets of discontinued operations held for sale		96
Total current assets		144,370
Property, plant and equipment:
Land		9,327
Buildings and improvements		71,351
Machinery and equipment		363,668
Furniture and fixtures		32,367
		476,713
Less accumulated depreciation		(271,602	)
Property, plant and equipment, net		205,111
Other assets		14,724
	$	364,205
Liabilities and Shareholders’ Deficit
Current liabilities:
Current maturities of debt	$	—
Accounts payable		30,329
Accrued interest		348
Accrued compensation		8,610
Accrued pension		449
Income taxes payable		—
Capital lease obligations		3
Other accrued liabilities		16,448
Total current liabilities		56,187
Liabilities subject to compromise		218,750
Long-term debt, less current maturities		8,200
Pension liability		73,954
Other liabilities		15,032
Shareholders’ deficit:
Preferred stock, $.10 par value; 5,000,000 shares authorized, no shares issued		—
Common stock, $.10 par value; 60,000,000 shares authorized, 30,024,279 shares issued and outstanding at June 30, 2009		3,002
Additional paid-in capital		194,476
Accumulated deficit		(139,280	)
Accumulated other comprehensive (loss) income:
Unrecognized pension and other benefit liabilities		(66,530	)
Foreign currency translation		414
Total accumulated other comprehensive loss		(66,116	)
Total shareholders’ deficit		(7,918	)
	$	364,205