EXHIBIT 23.1

                      CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the use in the Prospectus constituting part of this 
Registration Statement on Amendment No. 1 to Form S-1 of our report dated March 
19, 1996, relating to the consolidated financial statements of American Pad & 
Paper Company (formerly Ampad Holding Corporation) and our report dated March 
22, 1996, relating to the statements of net sales and cost of sales of 
Globe-Weis, which appear on page F-2 and page F-53, respectively, in such 
Prospectus. We also consent to the references to us under the heading "Experts" 
in such Prospectus.


/s/ Price Waterhouse LLP

PRICE WATERHOUSE LLP

Dallas, Texas
June 5, 1996