**Exhibit 21.1**

 

**SMURFIT-STONE CONTAINER CORPORATION**

**SUBSIDIARIES OF THE COMPANY**

 
| **Consolidated Subsidiaries**                  | ** ** | **Organized Under  the Laws of** | ** ** | **Percentage  Ownership** | ** ** |
|------------------------------------------------|------------|----------------------------------|------------|---------------------------|------------|
|                                           |       |                             |       |                      |       |
| 3083527 Nova Scotia Company                    |       | Canada                           |       | 100                       | %          |
| 605681 N.B. Inc.                               |       | Canada                           |       | 100                       | %          |
| 639647 British Columbia Ltd.                   |       | Canada                           |       | 70                        | %          |
| Atlanta & Saint Andrews Bay Railroad  Co.  |       | Florida                          |       | 100                       | %          |
| B.C. Shipper Supplies Ltd.                     |       | Canada                           |       | 70                        | %          |
| Cameo Container Corporation                    |       | Illinois                         |       | 100                       | %          |
| CCA de Baja California S.A. de C.V.            |       | Mexico                           |       | 100                       | %          |
| Celgar Investments, Inc.                       |       | British  Virgin Islands          |       | 100                       | %          |
| Clayton Partners Ltd                           |       | Bermuda                          |       | 100                       | %          |
| Dalton Paper Products, Inc.                    |       | Georgia                          |       | 50                        | %          |
| Francobec Company                              |       | Canada                           |       | 100                       | %          |
| Innovative Packaging Corp.                     |       | Delaware                         |       | 100                       | %          |
| Lot 24D Redevelopment Corporation              |       | Missouri                         |       | 100                       | %          |
| MBI Limited                                    |       | Canada                           |       | 100                       | %          |
| ORPACK-Stone Corporation                       |       | Delaware                         |       | 100                       | %          |
| Packaging Unlimited, Inc.                      |       | Delaware                         |       | 100                       | %          |
| SLP Finance General Partnership                |       | Canada                           |       | 100                       | %          |
| SLP Finance I, Inc.                            |       | Delaware                         |       | 100                       | %          |
| SLP Finance II, Inc.                           |       | Delaware                         |       | 100                       | %          |
| SMBI Inc.                                      |       | Delaware                         |       | 100                       | %          |
| Smurfit Newsprint Corporation                  |       | Delaware                         |       | 100                       | %          |
| Smurfit-MBI                                    |       | Canada                           |       | 100                       | %          |
| Smurfit-Stone Container Canada Inc.            |       | Canada                           |       | 100                       | %          |
| Smurfit-Stone PSC (Asia) Limited               |       | Hong Kong                        |       | 100                       | %          |
| Specialty Containers                           |       | Canada                           |       | 70                        | %          |
| SSCC Lux I Sarl                                |       | Luxembourg                       |       | 100                       | %          |
| SSCC Lux III Sarl                              |       | Luxembourg                       |       | 100                       | %          |
| SSCC Lux VII Sarl                              |       | Luxembourg                       |       | 100                       | %          |
| St. Laurent Display and Packaging Corp.        |       | Canada                           |       | 100                       | %          |
| St. Laurent I.P.C. Inc.                        |       | Canada                           |       | 100                       | %          |
| Stone Connecticut Paperboard Properties,  Inc. |       | Delaware                         |       | 100                       | %          |
| Smurfit-Stone Container Enterprises, Inc.      |       | Delaware                         |       | 100                       | %          |
| Stone Container de Mexico S. de R.L. de C.V    |       | Mexico                           |       | 100                       | %          |
| Stone Container Finance Company of Canada      |       | Canada                           |       | 100                       | %          |
| Stone Container Finance Company of Canada  II  |       | Canada                           |       | 100                       | %          |
| Stone Global, Inc.                             |       | Delaware                         |       | 100                       | %          |
| Stone International Services Corporation       |       | Delaware                         |       | 100                       | %          |
| Stone Truepenny International, Inc.            |       | British  Virgin Islands          |       | 100                       | %          |
| Stone Venepal (Celgar) Pulp, Inc.              |       | Canada                           |       | 90                        | %          |
| Stone Waterfront LLC                           |       | Florida                          |       | 100                       | %          |
| Timber Capital Holdings LLC                    |       | Delaware                         |       | 100                       | %          |
| Timber Note Holdings LLC                       |       | Delaware                         |       | 100                       | %          |

 

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| **Non-consolidated Subsidiaries**                                   | ** ** | **Organized Under  the Laws of** | ** ** | **Percentage  Ownership** | ** ** |
|---------------------------------------------------------------------|------------|----------------------------------|------------|---------------------------|------------|
|                                                                |       |                             |       |                      |       |
| Aspamill Inc.                                                       |       | Canada                           |       | 45                        | %          |
| Associated Paper Mills (Ontario) Limited                            |       | Canada                           |       | 45                        | %          |
| Cascapedia Booming Co. Ltd.                                         |       | Canada                           |       | 50                        | %          |
| CIMIC Packaging Paper Co. Ltd.                                      |       | British  Virgin Islands          |       | 42.5                      | %          |
| Dongguan Stone Millennium Paper &  Packaging Industries, Ltd.   |       | China                            |       | 50                        | %          |
| Dyne-A-Pak                                                          |       | Canada                           |       | 45                        | %          |
| Groupement Forestier de Champlain Inc.                              |       | Canada                           |       | 10                        | %          |
| Groveton Paper Board, Inc.                                          |       | New  Hampshire                   |       | 36.7                      | %          |
| ICO, Inc.                                                           |       | Canada                           |       | 42                        | %          |
| Innovative Fiber, LLC                                               |       | Wisconsin                        |       | 29                        | %          |
| Las Vegas Container LLC                                             |       | Delaware                         |       | 50                        | %          |
| Maritime Containers Ltd                                             |       | Canada                           |       | 35                        | %          |
| Maritime Paper Products Limited                                     |       | Canada                           |       | 35                        | %          |
| NewCorr Packaging Limited Partnership                               |       | Massachusetts                    |       | 16.4                      | %          |
| NewCorr Realty LLC                                                  |       | Massachusetts                    |       | 16.67                     | %          |
| PSJ Development LP                                                  |       | Delaware                         |       | 50                        | %          |
| Qingdao Stone Millennium Paper &  Packaging Industries, Ltd.    |       | China                            |       | 48.13                     | %          |
| Rollcraft Inc.                                                      |       | Canada                           |       | 45                        | %          |
| Rosenbloom Group Inc.                                               |       | Canada                           |       | 45                        | %          |
| Schiffenhaus Californa LLC                                          |       | Delaware                         |       | 25                        | %          |
| Schiffenhaus Canada Inc.                                            |       | Canada                           |       | 33.33                     | %          |
| Serpac Containers Limited                                           |       | Canada                           |       | 49.5                      | %          |
| Shanghai Stone Millennium Paper &  Packaging Industries Ltd.    |       | China                            |       | 47.5                      | %          |
| Smurfit/CIMIC Holdings Limited                                      |       | Cayman  Islands                  |       | 42.5                      | %          |
| SSCE Funding, LLC                                                   |       | Delaware                         |       | 100                       | %          |
| Stone Container (Hong Kong) Limited                                 |       | British  Virgin Islands          |       | 50                        | %          |
| Stone Container Japan Company, Ltd.                                 |       | Japan                            |       | 50                        | %          |
| Stone Millennium (China) Holdings, Ltd.                             |       | British  Virgin Islands          |       | 50                        | %          |
| Stone Receivables Corporation                                       |       | Delaware                         |       | 100                       | %          |
| Suzhou Stone Millennium Packaging &  Paper Industries, Co. Ltd. |       | China                            |       | 48.13                     | %          |
| Trans-Seal Corporation                                              |       | Japan                            |       | 50                        | %          |
| Valores Universales S.A. de CV                                      |       | Mexico                           |       | 49                        | %          |
| Venepal S.A.C.A.                                                    |       | Venezuela                        |       | 15.7                      | %          |
| Wakecon Associates (Partnership)                                    |       | Massachusetts                    |       | 50                        | %          |
| WCO Enterprises (Partnership)                                       |       | Florida                          |       | 50                        | %          |
| Zhejiang CIMIC Nanyang Paper Products Co.,  Ltd.                    |       | China                            |       | 19.55                     | %          |

 

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