FOAMEX NAMES DENNIS BELCHER

TO BOARD OF DIRECTORS

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LINWOOD, PENNSYLVANIA, April 8, 2002 – Foamex International Inc. (NASDAQ: FMXI), the leading manufacturer of flexible polyurethane and advanced polymer foam products, announced today that Stanley Dennis Norman Belcher has been elected to its Board of Directors.  Belcher, 61, will also sit on the Board’s Audit Committee. 

Belcher spent the past 30 years in increasingly senior management positions at The Bank of Nova Scotia.  Recently retired, he was a member of the Bank’s Management Committee, serving as Executive Vice President, Credit and Risk Management, and Chairman of the Senior Credit Committees for Investment Banking, Corporate Banking, Canadian Commercial Banking and Retail Banking.  Belcher was also on the Loan Policy Committee, the Bank’s highest credit approval committee.  His areas of expertise include risk management, credit policy and corporate governance. 

In making the announcement, Marshall S. Cogan, Chairman and Founder of Foamex, said, "We are delighted that Dennis is joining the Foamex Board.  With his vast experience, he will provide critical input as we work to ensure the successful execution of Foamex’s strategy of leveraging our proprietary foaming technology and investing in new products, while continuing to strengthen our balance sheet and enhance profitability.” 

“I am pleased to become a Director of Foamex at this important stage of the Company’s development,” said Belcher.   “I know that Foamex’s largest shareholder, The Bank of Nova Scotia, is impressed by the significant financial and operational improvements being made at Foamex.  I believe Foamex’s increased financial flexibility, lower costs and promising pipeline position of new technical and consumer related products will allow the Company to grow its business and generate meaningful long-term shareholder value.” 

Prior to joining The Bank of Nova Scotia in 1972, Belcher spent 14 years in increasingly senior positions at Barclays Bank Ltd. and a predecessor bank.

Belcher currently serves as Lead Director of Consumers Packaging Inc. and Director of Care Canada Global Development Group.  Among other directorships, he has recently served as a Director of AT&T Canada Long Distance Services, PCL Packaging Ltd. and Peoples Jewellers Corporation.  Belcher is also the author of various publications including, “Monitoring and Managing Risk: Risk Assessment, Legal Liability and the Environment”; “The Restructuring of Unitel Communications Inc.”; “Corporate Guarantees as a Form of Financial Assistance”; and “A Note on Project Financing."  He is a graduate of the Stonier Graduate School of Banking and the Institute of Bankers in England.

Forward-Looking Statements

The matters described in this press release contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.  Foamex has based these forward-looking statements on its current expectations and projections about future results, and the actual results may differ materially from those anticipated in such statements.  Forward-looking statements are affected by risks, uncertainties and assumptions that Foamex makes, including, among other things, its ability to implement customer selling price increases in response to higher raw material costs, raw material price increases, general economic conditions, conditions in the capital markets, the interest rate environment, the level of automotive production, carpet production, furniture and bedding production and housing starts, the completion of various restructuring/consolidation plans, the achievement of management’s business plans, its capital and debt structure (including various financial covenants), litigation and changes in environmental legislation and environmental conditions.  Readers should be aware that any forward-looking statement made in this press release, or elsewhere, speaks only as of the date on which it is made.  Foamex assumes no obligation to update such information.

About Foamex International Inc.

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, defense, electronics and computer industries as well as filtration and acoustical applications for the home.  For more information visit the Foamex web site at http://www.foamex.com.