Fresh Prep Foods Inc., a Canadian meal delivery service, has announced that it has obtained judicial approval to purchase its struggling rival, Goodfood Market Corp.
While Fresh Prep has chosen not to reveal the acquisition price for Goodfood, it has stated that the transaction is anticipated to be finalized on or around Friday.
Upon completion of the acquisition, Fresh Prep plans to start catering to approximately 30,000 customers from Goodfood.
This summer, Goodfood sought creditor protection through the Superior Court of Quebec, aiming to reorganize either under new ownership or with assistance from investors.
The company, based in Montreal, was established in 2014 and is recognized for offering pre-portioned ingredients and recipes for customers to create their own meals.
Fresh Prep functions in a similar manner. Founded in Vancouver in 2015, it acquired another meal kit provider from Montreal, Cook It Recipes Inc., in 2024.
