EXHIBIT 21
SUBSIDIARIES OF OLIN CORPORATION/1/
(as of December 31, 1997)
JURISDICTION PERCENTAGE OF DIRECT/
WHERE INDIRECT OWNERSHIP BY
SUBSIDIARY ORGANIZED OLIN OF VOTING
- ---------- --------- SECURITIES
----------
Aegis, Inc. Massachusetts 100%
A.J. Oster Caribe, Inc. Delaware 100%
A.J. Oster Foils, Inc. Delaware 100%
A.J. Oster West, Inc. Rhode Island 100%
Bridgeport Brass Corporation/2/ Indiana 100%
Bryan Metals, Inc./3/ Ohio 100%
Doe Run Gas Transmission Company Kentucky 100%
Etoxyl, C.A. Venezuela 100%
Hydromen Espana, S.L. Spain 100%
Hydrochim, S.A. France 100%
Nutmeg Insurance Limited Bermuda 100%
N.V. Olin Hunt Specialty Products Belgium 100%
N.V. Olin Hunt Trading Belgium 100%
Olin-Asahi Interconnect Technologies Delaware 100%
Olin Australia Limited Australia 100%
Olin Benefits Management, Inc./4/ California 80%
Olin Brasil Ltda. Brazil 100%
Olin Brass and Winchester, Inc. Rhode Island 100%
Olin Canada Inc. Canada 100%
Olin Chemicals B.V. Netherlands 100%
Olin Corporation N.Z. Limited New Zealand 100%
Olin Electronic Chemicals, Inc. Pennsylvania 100%
Olin Engineered Systems, Inc. Delaware 100%
Olin Environmental Management, Inc./4/ Delaware 80%
Olin Export Trading Corporation Virgin Islands 100%
Olin Financial Services, Inc. Delaware 100%
Olin GmbH Germany 100%
Olin Hunt Specialty Products, Inc. Delaware 100%
Olin Industrial (Hong Kong) Limited Hong Kong 100%
Olin Japan, Inc. Japan 100%
Olin Kimya, A.S. Turkey 75%
Olin Mexico, S.A. de C.V. Mexico 100%
____________________
/1/There are omitted from the following list the names of certain subsidiaries
which, if considered in the aggregate as a single subsidiary, would not
constitute a significant subsidiary.
/2/d/b/a "Olin Brass, Indianapolis" and "Olin Brass, Indianapolis Facility" in
CA, IL, IN, NJ, NC, OH, PA , RI and TX.
/3/d/b/a/ "Bryan Metals of Ohio" in NJ.
/4/Class A shares, all of which are held directly and indirectly by Olin
Corporation, have the right to elect 4 directors. Class B shares, none of
which are held directly or indirectly by Olin Corporation, have the right to
elect 1 director.
EX21.
JURISDICTION PERCENTAGE OF DIRECT/
WHERE INDIRECT OWNERSHIP BY
SUBSIDIARY ORGANIZED OLIN OF VOTING
- ---------- --------- SECURITIES
----------
Olin Microelectronic Chemicals, Inc. Delaware 100%
Olin Microelectronic Materials AG Switzerland 100%
Olin Microelectronic Materials GmbH Germany 100%
Olin Microelectronic Materials Limited United Kingdom 100%
Olin Microelectronic Materials N.V. Belgium 100%
Olin Microelectronic Materials S.A. France 100%
Olin Pte. Ltd. Singapore 100%
Olin Quimica S.A. Delaware 100%
Olin S.A. France 100%
Olin S.r.l. Italy 100%
Olin Sunbelt, Inc. Delaware 100%
Olin (U.K.) Limited United Kingdom 100%
Superior Pool Products, Inc. Delaware 100%