n-glom-er-it, kuh
ng-; v. kuh
n-glom-uh-reyt, kuh
ng-]
noun, adjective, verb, -at⋅ed, -at⋅ing.| 1. | anything composed of heterogeneous materials or elements. |
| 2. | a corporation consisting of a number of subsidiary companies or divisions in a variety of unrelated industries, usually as a result of merger or acquisition. |
| 3. | Geology. a rock consisting of pebbles or the like embedded in a finer cementing material; consolidated gravel. |
| 4. | gathered into a rounded mass; consisting of parts so gathered; clustered. |
| 5. | consisting of heterogeneous parts or elements. |
| 6. | of or pertaining to a corporate conglomerate. |
| 7. | Geology. of the nature of a conglomerate. |
| 8. | to bring together into a cohering mass. |
| 9. | to gather into a ball or rounded mass. |
| 10. | to collect or cluster together. |
| 11. | (of a company) to become part of or merge with a conglomerate. |
A corporation with diversified holdings that are acquired through mergers and acquisitions but that are not necessarily related.
Conglomerate
A company that consists of a grouping of businesses from unrelated streams.
Investopedia Commentary
Conglomerates diversify their business risk through profit gained from profit centers in various lines of business. However, some may become so diversified and complicated that they are too difficult to manage efficiently.
Since their large popularity from the 1960s to 80s, many conglomerates have reduced their profit centers to a choice few.
See also: Diversification, Profit Center
conglomerate
conglomerate con·glom·er·ate (kən-glŏm'ər-ĭt)
adj.
Gathered or aggregated into a mass.