Canadian meal delivery firm Fresh Prep Foods Inc. has announced that it has gained court approval to purchase the struggling competitor Goodfood Market Corp.
While Fresh Prep has not revealed the financial details of the acquisition, it anticipates finalizing the transaction 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 in an effort to reorganize under new ownership or with assistance from investors.
Founded in 2014 in Montreal, Goodfood is recognized for offering pre-portioned ingredient sets along with recipes that customers can use to prepare meals.
Fresh Prep follows a similar business model. Established in Vancouver in 2015, it acquired another Montreal-based meal kit provider, Cook It Recipes Inc., in 2024.
