Canadian meal delivery company gets court approval to acquire competitor
Résumé détaillé
Canadian meal delivery company Fresh Prep Foods Inc. says it has received court permission to acquire distressed competitor Goodfood Market Corp.
Canadian meal delivery company Fresh Prep Foods Inc. says it has received court permission to acquire distressed competitor Goodfood Market Corp.
Fresh Prep refused to disclose how much it will pay for Goodfood but says the deal is expected to close on or around Friday.
Once the deal closes, Fresh Prep says it will begin serving about 30,000 Goodfood customers.
Goodfood filed for creditor protection with the Superior Court of Quebec over the summer in hopes of restructuring under a new owner or with help from investors.
The Montreal-based company started in 2014 and is known for selling pre-measured sets of ingredients and recipes to customers who cook them into meals.
Fresh Prep operates similarly. It was founded in Vancouver in 2015 and acquired another Montreal-based meal kit company called Cook It Recipes Inc. in 2024.
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