Industrialists: Conglomerate, London-Style

Most businessmen credit U.S. merg er makers with the invention of cor porate conglomerates — companies that grow by garnering others in unrelated fields. Not Britain's Leonard J. Matchan, 55, president and chairman of London-based Cope Allman Interna tional Ltd., who was in New York City last week to plug a venture in U.S.

women's fashions. Matchan grabbed a chance to stake a claim of his own. "I started all this conglomeration business eleven years ago," said he, "whereas you people only cottoned to it about a year ago."

Such U.S. corporations as Litton In dustries and Textron, which began play...

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