Fresh Prep Foods Inc., a Canadian meal delivery service, has announced that it has obtained court approval to purchase its struggling rival, Goodfood Market Corp.
While Fresh Prep has not revealed the financial details of the acquisition, it anticipates that the transaction will be finalized on or around Friday.
After the completion of the acquisition, Fresh Prep plans to serve approximately 30,000 customers currently using Goodfood’s services.
This summer, Goodfood sought creditor protection from the Superior Court of Quebec as part of its strategy to restructure, either under a new ownership or with the assistance of investors.
Founded in 2014, the Montreal-based company is recognized for offering pre-portioned ingredients along with recipes for customers to prepare meals at home.
Fresh Prep, which started operations in Vancouver in 2015, follows a similar business model. In 2024, it also acquired another meal kit service based in Montreal, Cook It Recipes Inc.