EX-5.2 4 y61170a1exv5w2.txt OPINION OF DAVIS POLK & WARDWELL AS TO TAX MATTERS Exhibit 5.2 [DAVIS POLK & WARDWELL LETTERHEAD] October 25, 2002 Tekni-Plex, Inc. 260 Denton Tap Road Coppell TX 75019 Ladies and Gentlemen: We have acted as special tax counsel to Tekni-Plex, Inc., a corporation incorporated under the laws of the State of Delaware (the "COMPANY"), in connection with the preparation and filing of the prospectus (the "PROSPECTUS") contained in amendment no. 1 to the registration statement of the Company on Form S-4 dated October 25, 2002 (File No. 333-98561) (the "REGISTRATION STATEMENT"). This opinion is being furnished in accordance with the requirements of Item 601(b)(8) of Regulation S-K of the Securities Act of 1933, as amended (the "ACT"). We have reviewed the discussion contained under the heading "United States Federal Income Tax Consequences" in the Prospectus. In our opinion, this discussion is materially accurate, insofar as it relates to United States federal income tax matters, and subject to the conditions and limitations set forth therein. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act. Very truly yours, /s/ Davis Polk & Wardwell