Fresh Prep Foods Inc., a Canadian meal delivery service, has announced that it has received judicial approval to take over its struggling rival, Goodfood Market Corp.
While Fresh Prep has not disclosed the financial details of the acquisition, they anticipate finalizing the agreement by Friday.
Following the completion of the acquisition, Fresh Prep plans to start servicing approximately 30,000 customers who are currently with Goodfood.
This summer, Goodfood sought creditor protection through the Superior Court of Quebec in an effort to reorganize under new ownership or secure assistance from investors.
Founded in 2014 and based in Montreal, Goodfood is recognized for offering pre-portioned ingredients along with recipes that enable customers to prepare their own meals.
Fresh Prep, which operates on a similar model, was established in Vancouver in 2015 and in 2024 acquired another meal kit company from Montreal called Cook It Recipes Inc.