Steven Sharpe Named to Foamex Board of Directors

    LINWOOD, Penn.--April 27, 2001--Foamex International Inc. , the leading manufacturer of flexible polyurethane and advanced polymer foam products, announced today that Steven Sharpe, 47, has been elected to the Foamex Board of Directors.
    In making the announcement, Foamex Chairman Marshall S. Cogan said, "Steve has a solid background in corporate restructuring and finance, enhanced by a reputation as a leading business lawyer. We are very pleased and proud to have him join our board as we move forward with our strategy to strengthen our capital structure and lay the foundation for strategic growth."
    An attorney by profession, Sharpe has been Executive Vice President of The Kroll-O'Gara Company since 1998, with responsibility for strategic planning, mergers and acquisitions. Prior to joining Kroll, he was a senior partner in the Toronto law firm of Davies, Ward & Beck. He has written and lectured extensively on corporate restructuring, shareholder rights, securities regulation, corporate governance and ethics.
    Sharpe earned a Bachelor of Science degree at the University of Western Ontario in 1974 and received his LL.B. from the Osgoode Hall Law School in Toronto in 1977. He serves on the boards of directors of Security Technologies Group, Inc. and Altamira Investment Services Limited. Sharpe has been active in philanthropic organizations for more than two decades, with a special focus on services for children.
    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. For more information visit the Foamex web site at http://www.foamex.com.