When Agricore and United Grain Growers merged to form Agricore United,this was an example of a vertical merger.

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This is not an example of a vertical merger, but rather a horizontal merger since Agricore and United Grain Growers were both in the same industry and at the same level of the supply chain. A vertical merger would involve two companies at different stages of the supply chain, such as a merger between a farm and a processor.

When Agricore and United Grain Growers Merged to Form Agricore