The Nolet Group has agreed to acquire fellow Netherlands-based drinks group Lucas Bols for $285 million.

The two companies say the deal is “a unique opportunity to bring together two leading Dutch companies with a rich heritage and a wide range of strong spirits and cocktail brands. Nolet and Lucas Bols complement each other well in terms of markets, brands, innovation and marketing, which will enable further international growth.”Lucas Bols will retain its name and brands, joining the Nolet Group as a separate company under the continued leadership of Lucas Bols’s current CEO Huub van Doorne and CFO Frank Cocx, operating from its existing locations in Amsterdam. Nolet is known as the maker of Ketel One vodka, and has a global joint venture with Diageo on the brand. Lucas Bols’ portfolio includes its namesake brand of liqueurs, as well as Passoã, Galliano, and Tequila Partida, among others.—Daniel Marsteller