One of the Netherlands’ oldest companies, distiller Lucas Bols, is being taken over by Schiedam-based jenever maker Nolet.

Amsterdam-based Lucas Bols was formed almost 450 years ago and is known worldwide for essential cocktail ingredients such as Passoã, and Pisang Ambon, as well as its Dutch gin, or jenever.

Family firm Nolet dates back to 1691 and owns the Ketel 1 brand as well as producing its own gin. It was already a shareholder in Lucas Bols but is now acquiring the remaining shares for €18 each.

The 10th, 11th and 12th generations of Nolets are actively working for the company. Chairman Carel Nolet said the takeover means that “two fantastic Dutch companies are being brought together under one flag.”

Lucas Bols will continue to operate from Amsterdam under its own name and brands and with the same management.