Fresh Prep Foods Inc. says it has court permission to acquire distressed competitor Goodfood Market Corp., with the deal expected to close around Friday.
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Fresh Prep Foods Inc. says it has received court permission to acquire distressed competitor Goodfood Market Corp.
The company said it would not disclose how much it will pay for Goodfood, and it expects the transaction to close on or around Friday.
Once the deal closes, Fresh Prep said it will begin serving about 30,000 Goodfood customers.
Goodfood filed for creditor protection with the Superior Court of Quebec over the summer in an effort to restructure under a new owner or with help from investors.
Goodfood, based in Montreal, began operations in 2014 and sells pre-measured sets of ingredients and recipes for customers to cook into meals.
Fresh Prep operates a similar meal-kit model. It was founded in Vancouver in 2015 and acquired Montreal-based meal kit company Cook It Recipes Inc. in 2024.
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