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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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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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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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ABF chair Michael McLintock said a demerger was the “best way to maximise long-term returns for shareholders”.
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The facilities in southern Germany were previously set to be sold to Premium Food Group, formerly known as Tönnies.
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The bakery group said it has agreed a deal with Myton Food Group, Morrisons’ manufacturing arm, for the land, buildings and machinery at the closed site.
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Borealis said it is “evaluating alternatives to address its outstanding obligations, including potential refinancing, capital-raising and other strategic transactions”.
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Père Olive, established in 1993 by Eric Maes, will retain its existing brand name and team.
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