Craft Brew Alliance, Inc. and Pabst Brewing Company announced that they have entered into a brewing agreement that supports strategic growth objectives for both companies. PBC subsidiary Rainier Brewing Company will begin brewing Rainier Pale Mountain Ale, as well as other Rainier brands, at CBA's brewery in Woodinville, Washington in the spring of 2016. As part of the agreement, PBC has been granted an option to purchase the Woodinville facility at any time during the next three years.

The agreement between CBA and Rainier provides benefits for both companies. As part of CBA's strategy to continue evolving its national brewing footprint and drive financial profitability, the company is making significant investments to increase production capability and efficiency and support its growth in key markets. The expansion investments include increasing capacity in its and most efficient brewery in Portland to 750,000 barrels per year and building a new 100,000-barrel brewery in Hawaii.

The agreement with Rainier enables it to maximize capacity in its Woodinville brewery while pursuing these expansion projects. For Rainier, the agreement marks a true homecoming with the return of brewing to its home state of Washington. Under the terms of the agreement, CBA will continue to operate the Woodinville brewery and adjacent Redhook Forecaster's Pub.