Can you give a real life example of a backward vertical merger?

A real-life example of a backward vertical merger is when a beverage company, like Coca-Cola, acquires a sugar supplier. By purchasing the sugar supplier, Coca-Cola gains greater control over its raw materials, reduces costs, and ensures a consistent supply of key ingredients for its products. This type of merger allows the beverage company to streamline its production process and enhance its competitive advantage within the industry.