what is a conglomerates
Conglomerate Conglomerate. A conglomerate is a corporation whose multiple business units operate in different, often unrelated, areas. A conglomerate is generally formed when one company expands by acquiring other firms, which it brings together under a single management umbrella. In some, but not all, cases, the formerly independent elements of the conglomerate retain their brand identities, though they are responsible to the conglomerate's management.