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Foamex News/Financial Results

 

FOAMEX INTERNATIONAL NAMES

DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS

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LINWOOD, PENNSYLVANIA, July 16, 2001 - Foamex International Inc. (Nasdaq: FMXI), the leading manufacturer of flexible polyurethane and advanced polymer foam products, announced today that the audit committee of its Board of Directors recommended, and the Board of Directors approved, the appointment of Deloitte & Touche LLP as independent auditors for 2001. Deloitte & Touche LLP replaces PricewaterhouseCoopers LLP, who resigned on June 28, 2001.

Foamex, headquartered in Linwood, Pennsylvania, is the world’s leading producer of comfort cushioning for bedding, furniture, carpet cushion and automotive markets. The company also manufactures high-performance polymers for diverse applications in the industrial, aerospace, electronics and computer industries as well as filtration and acoustical applications for the home. Revenues for 2000 were $1.3 billion.



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