Foamex Announces Changes to Retirement Plans

Linwood, NJ, November 6, 2007--Foamex said it will freeze future benefit accruals under its defined benefit pension plan, and preserve all existing earned benefits, as of December 31.

Also, Foamex said  that effective January 1 it will increase its matching contributions to its 401(k) Savings Plan and adopt the Internal Revenue Service safe-harbor formula by matching 100% of the first 3% of contributions by its employees, and 50% of the next 2% of employee contributions.

"These changes allow us to continue to provide a competitive compensation package, which will be effective in recruiting and retaining employees, and give us more predictable retirement plan costs," said Jack Johnson, president and CEO.