Fresh Prep Foods Inc., a meal delivery service based in Canada, has announced that it has received judicial approval to purchase its struggling competitor, Goodfood Market Corp.
While Fresh Prep has not revealed the financial details of the acquisition, it anticipates that the transaction will finalize on or around Friday.
Following the completion of the acquisition, Fresh Prep plans to start providing services to approximately 30,000 customers of Goodfood.
Goodfood sought creditor protection from the Superior Court of Quebec during the summer, aiming to reorganize under new ownership or with the assistance of investors.
Founded in 2014, the Montreal-based company is recognized for offering pre-portioned ingredients and recipes that enable customers to prepare meals.
Fresh Prep operates in a similar fashion. Established in Vancouver in 2015, it acquired another meal kit company located in Montreal, Cook It Recipes Inc., in 2024.
