Definitions (2)

1. The combining of separate companies, functional areas, or product lines, into a single one. Differs from a merger in that a new entity is created in the consolidation.
2. The process of maturation in some markets whereby smaller companies are acquired or run out of business, leaving only a few dominant players; here also called shakeout.

Use consolidation in a sentence

The company decided to create a consolidation of their food and beverage departments, to form a new edible goods department.

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The consolidation of the business operations entailed that there would be an effective merger and acquisition so many changes were coming.

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The conglomeration tendencies so prevalent in the postwar era have come to an end as companies look to consolidation of product lines as a cost-saving strategy.

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