consolidation

Definitions (2)

1. The combining of separate companies, functional areas, or product lines, into a single one. Differs from a merger in that a new entity is created in the consolidation.
2. The process of maturation in some markets whereby smaller companies are acquired or run out of business, leaving only a few dominant players; here also called shakeout.

Use consolidation in a sentence

During the consolidation process many people lost their jobs due to the combining of two companies into one.

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shakeout horizontal integration