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The Belgian group had pledged in December to sell two factories to get the deal approved but a buyer has not materialised.
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Around 110 employees at the Minden plant have been informed and would be affected if the proposal goes ahead.
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The news came alongside the release of Granarolo’s 2025 financial results, which included higher sales but lower profits.
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The deal has been funded by private-equity firm Nexus Capital Management acquiring more shares in Laird Superfood.
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CEO George Weston said ABF’s food assets “position us well for long-term structural growth trends that we see in food demand”.
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The investment will be split between two of the company’s facilities at Ferrières-en-Bray and Le Molay-Littry in Normandy.
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Polling by UK research body the IGD showed 6% of UK adults were using the drugs in March.
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Alongside the investment, the two companies are to set up a joint venture to make chocolate products in Côte d’Ivoire.
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