1 EXHIBIT 21.01 SUBSIDIARIES OF THE REGISTRANT Domestic Incorporated - -------- ------------ Nashua Belmont Limited(2) Delaware Nashua International, Inc.(1) Delaware Nashua Photo European Investments, Inc.(2) Delaware Nashua Photo Inc.(1) Delaware Nashua Photo International Investments, Inc.(2) Delaware Nashua P.R., Inc.(1) Delaware Foreign Incorporated - ------- ------------ Nashua FSC Limited (1) Jamaica Nashua Photo B.V. (2)(4) Netherlands Nashua Imaging Supplies (UK) Limited (2) England Nashua Photo S.N.C.(3)(4) France - ---------------- (1) Stock held by Nashua Corporation (2) Stock held by Nashua Photo Inc. (3) Stock held 99.9% by Nashua Photo European Investments, Inc. and .1% by Nashua Photo International Investments, Inc. (4) In liquidation. - ---------------- NOTE: Nashua Corporation has certificates representing 15% of Multitek, S.A. de C.V. (Mexico). Nashua Corporation owns a 37% interest in Cerion Technologies Liquidating Trust. Nashua Corporation owns a 49% interest in Nashua Imaging International s.r.o. (Czech Republic). Nashua Corporation owns a 39% interest in Labelnet, S.A. de C.V. (Mexico). -56-