Fresh Prep Foods Inc., a Canadian meal delivery service, has announced that it has received judicial approval to purchase its struggling rival, Goodfood Market Corp.
While Fresh Prep has not revealed the financial terms of the acquisition, it anticipates that the transaction will be finalized on or around Friday.
Following the completion of the acquisition, Fresh Prep plans to start servicing approximately 30,000 customers from Goodfood.
Earlier this summer, Goodfood sought creditor protection through the Superior Court of Quebec, aiming to restructure its operations either under new ownership or with investor support.
Founded in 2014, the Montreal-based Goodfood is recognized for offering pre-portioned ingredients and recipes that customers can use to prepare meals.
Similarly, Fresh Prep, which began operations in Vancouver in 2015, acquired another meal kit service from Montreal, Cook It Recipes Inc., in 2024.