Foamex International Acquires Assets of General Foam Corporation

    LINWOOD, Pa.--July 25, 2001--Foamex International Inc. , the leading manufacturer of flexible polyurethane and advanced polymer foam products, announced today that it had completed the transaction to acquire certain assets of General Foam Corporation (GFC), a manufacturer of polyurethane foam products for the automotive, industrial and home furnishings markets.
    As a result of the transaction, Foamex acquired GFC's East Rutherford, New Jersey operations, and entered into a supply agreement for products currently manufactured at General Foam's West Hazleton and Berwick, Pennsylvania facilities.
    "This acquisition has significant synergies with our existing businesses and will augment our internal growth strategy," said John Televantos, President and Chief Executive Officer of Foamex. "GFC customers will now have access to a broad array of products and services from our network of facilities across North America, while Foamex customers will benefit from the unique technologies practiced by GFC."