There are different kinds of merger. A conglomerate merger is a merger between firms at different stages of the production process of a product, such as a merger between a flour milling company and a baking company is a false statement.
There are three types of mergers. They are horizontal, vertical, and conglomerate. A conglomerate merger is a type of merger of two firms that have entirely unrelated business activities.
Two firms may enter into a conglomerate merger so as to increase their market share, spread their businesses, cross-sell their products etc.
Examples are Berkshire Hathaway, Amazon, Alphabet, Meta, Procter & Gamble, Unilever etc.
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