EXHIBIT 23.2
    
 
   
                       CONSENT OF INDEPENDENT ACCOUNTANTS
    
 
   
    We hereby consent to the use in the Prospectus constituting part of this
Registration Statement on Form S-4 of Florida Coast Paper Company, L.L.C. (the
"Company") of our report dated September 10, 1996 relating to the financial
statement of the Company which appears in such Prospectus. We also consent to
the reference to us under the heading "Experts" in such Prospectus.
    
 
   
                                          /s/ PRICE WATERHOUSE LLP
    
 
   
Price Waterhouse LLP
Chicago, Illinois
September 19, 1996