<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION RESTATING THE FINANCIAL
STATEMENTS PREVIOUSLY FILED ON FORM 10-Q FOR THE PERIOD ENDING MARCH 31, 1999
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<CIK> 0001060513
<NAME> PARAGON CORPORATE HOLDINGS, INC.
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1999
<CASH>                                           6,273
<SECURITIES>                                    20,365
<RECEIVABLES>                                   38,981
<ALLOWANCES>                                     1,470
<INVENTORY>                                     48,956
<CURRENT-ASSETS>                               115,698
<PP&E>                                          21,010
<DEPRECIATION>                                   1,380
<TOTAL-ASSETS>                                 171,502
<CURRENT-LIABILITIES>                           54,420
<BONDS>                                        115,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                     (8,766)
<TOTAL-LIABILITY-AND-EQUITY>                   171,502
<SALES>                                         42,944
<TOTAL-REVENUES>                                42,944
<CGS>                                           31,442
<TOTAL-COSTS>                                   31,442
<OTHER-EXPENSES>                                   822
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,311
<INCOME-PRETAX>                                (4,477)
<INCOME-TAX>                                      (29)
<INCOME-CONTINUING>                            (4,448)
<DISCONTINUED>                                     993
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (3,455)
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0