Nolet Distillery to acquire the remaining 70% stake in Lucas Bols for €189m.

Nolet Distillery, a producer of fine spirits based in the Netherlands, agreed to acquire the remaining 70% stake in Lucas Bols, the world’s oldest distilled spirits brand and one of the oldest Dutch companies still active, for €189m. "Since 2006, when we brought back Lucas Bols to Amsterdam, we have been on a journey to grow the Company and its brands in the international cocktail markets. Nolet as a partner is the right next step to continue this journey and accelerate long-term growth. Together we create a Dutch champion in the global spirits and cocktail market with a strong portfolio of brands, the right focus and strengthened brand investments. The Lucas Bols team and passionate, entrepreneurial culture have been pivotal in our success over the past 17 years and can flourish within the new partnership. The strong family values and centuries of Dutch heritage of Nolet are a great fit with the Lucas Bols culture and together we will reinforce this valuable heritage as a Dutch champion for the very long term. Our relationship with Nolet has always been very respectful and constructive and we look forward to an exciting and successful future," Huub van Doorne, Lucas Bols CEO.