associated company

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associated company

a company is associated with another if both companies are controlled by the same (or substantially the same) individuals. In common parlance the term ‘associated company’ is used to denote a subsidiary or other company that is part of the same group of companies.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
In addition, we stated that the rules are fictive: they presume, for example, that a company has borrowed by (and secured by the assets of) a second, related company - even though the operations of the two companies (located in different countries, continents, or even hemisphere) are completely unrelated.
In related company news, Primedia has ceased publication of Catalog Age and Operations & Fulfillment magazines to launch Multichannel Merchant with an issue on May 23.
GDC Properties, a related company of GDC, LLC, will remain in its present headquarters location.