Remy Cointreau SA joined the consolidation wave in the liquor industry, swallowing Dutch drinks company Bols Royal Distilleries in a cash-and-stock deal valued at 510 million euros ($459.8 million).

The maker of Ketel One vodka has launched a management-backed offer to buy Dutch gin and spirits maker Lucas Bols for 269.5 million euros ($284.51 million), the companies said on Monday.

Lucas Bols Co. CEO Huub van Doorne is to step down from the helm of the Passoa liqueur maker in October. Van Doorne, who has led Lucas Bols for 20 years, will leave the role on 1 October.

Regulatory News: The Rémy Cointreau Group (Paris:RCO) announces that it has sold its shares in the Passoã SAS joint venture to Lucas Bols Amsterdam B.

Lucas Bols’ portfolio also includes the sparkling liqueur brand Nuvo and non-alcoholic spirits brand Fluère, both acquired two years ago. Nolet Group has a 50-50 joint venture with Diageo through ...