Conglomerate Merger
What is a conglomerate merger? What is a conglomerate?
A conglomerate, sometimes called a multi-industry company, is company that consists of relatively unrelated divisions. A conglomerate merger is a merger, or joining of two companies, that creates a conglomerate; thus, the companies involved in a conglomerate merger must have fairly unrelated businesses.
Pure conglomerate mergers involve firms with no overlap, while mixed conglomerate mergers involve companies that seem unrelated but for the purposes of market extension or product extension.
In the United States, the 1960s is considered the era of conglomerate mergers.