Fresh Prep Foods Inc., a Canadian meal delivery service, has announced it has gained court approval to purchase its financially troubled rival, Goodfood Market Corp.
While Fresh Prep has not revealed the purchase price for Goodfood, it anticipates that the transaction will be finalized around this Friday.
After the acquisition is completed, Fresh Prep plans to start catering to approximately 30,000 customers previously served by Goodfood.
Earlier this summer, Goodfood sought creditor protection through the Superior Court of Quebec in a bid to reorganize its operations under new ownership or with the assistance of investors.
Founded in 2014 in Montreal, Goodfood is recognized for providing pre-measured ingredients along with recipes for customers to prepare their meals.
Fresh Prep, which started its operations in Vancouver in 2015, follows a similar business model and acquired another meal kit service, Cook It Recipes Inc., based in Montreal, in 2024.