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In page Thomas C. Foley:

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Foley first worked at McKinsey & Company and then at Citicorp Venture Capital. He left CVC to found NTC Group, a private investment company, in 1985.[1] That year, NTC Group (also known as National Textile Corp) purchased the Bibb Company in Macon, Georgia. NTC purchased T.B. Woods Sons Company in 1986 and Stevens Aviation in 1989. NTC sold its interest in Bibb in 1996. In April 2007, T.B. Woods was sold to ALTRA Holdings.[2] Woods, a manufacturing company headquartered in Chambersburg, Pennsylvania, had operations in North America, Germany, Italy, and India, 2005 revenue of about $110.9 million and about 830 employees.[3]