Court Approves Foamex Sale to Investment Groups

Media, PA, May 28, 2009--Foamex International Inc. said that the U.S. Bankruptcy Court has approved the sale of  all of Foamex's assets to affiliates of MatlinPatterson Global Opportunities Partners III L.P. and Black Diamond Capital Management, L.L.C.

Foamex anticipates that both the closing of the transaction and Foamex's emergence from Chapter 11 will occur next month.

"We are delighted with the outcome of this process," said Foamex CEO Jack Johnson in a press release.

"As we had hoped for at the outset of the filing, Foamex has emerged from the process expeditiously and with a stronger balance sheet."

As part of the sale, there will be continuity of management and strategic direction.