FOAMEX EXPANDS CAPACITY AND CHEMICAL RETICULATION CAPABILITIES IN ITS FORT WAYNE, IN FACILITY

 

Foamex Invests for Growth Using Differential Technology

 

 

LINWOOD, PA, May 14, 2008 – Foamex International Inc. (OTC: FMXL) today announced that it is expanding the capacity of its Fort Wayne, IN facility, to allow for the manufacture and sale of chemically reticulated, or “quenched”, technical foams. Foamex expects this expansion to be completed in the third quarter of 2008.

 

Jack Johnson, President and Chief Executive Officer of Foamex, said, “Growth in the technical and specialty foam sector of the industry is a strategic priority and represents another step in the Company’s continuing effort to grow our specialty foam lines and create additional shareholder value. This move adds chemical reticulation to the Fort Wayne facility and is part of a series of actions Foamex is taking to globally position our plant assets and expertise to service this growing foam marketplace. Our Indiana facility is a best-in-class operation and we continue to make significant investments in people, processes and equipment to expand the technical line of foams from this site.”

 

Transition plans are in place to provide uninterrupted products and services to customers, for the chemically reticulated products, during the expansion and startup of this new operation.

 

About Foamex International Inc.

Foamex, headquartered in Linwood, PA, is a leading producer of polyurethane foam-based solutions and specialty comfort products. The Company services the bedding, furniture, carpet cushion and automotive markets and also manufactures high-performance polymers for diverse applications in the industrial, aerospace, defense, electronics and computer industries. For more information visit the Foamex web site at http://www.foamex.com.

 

Forward-looking statement

This press release contains, and oral statements made from time to time by representatives of the Company may contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, future operating results, operating efficiencies, cost savings, future market prices and margins, future energy costs, future government and legislative action, future cost savings, future benefit costs, the Company's liquidity and ability to finance its operations, and other statements that are not historical facts that involve certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Additional information that could cause actual results to vary materially from the results anticipated may be found in the Company's most recent Form 10-K and other reports filed with the Securities and Exchange Commission. Readers should be aware that any forward-looking statement made in this press release or elsewhere by the Company speaks only as of the date on which it is made, and the Company disclaims any obligation or intent to update any of the factors listed above or forward-looking statements.