Craft Brew Alliance (CBA) has agreed to sell its Woodinville facility in Washington to Sound Commercial Investment Holdings for $24.5m.

The transaction is subject to financing contingency and other closing conditions.

As per the deal, Sound Commercial Investment Holdings will acquire CBA’s Woodinville property, which includes a production facility, office space, and a restaurant.

The Woodinville property is reported to be in line with CBA’s business strategy, which focuses on optimising its brewery footprint, reducing costs, and improving gross margins.

“The Woodinville property is reported to be in line with CBA’s business strategy, which focuses on optimising its brewery footprint.”

CBA noted that additional information will be provided on the financial and operational benefits of the sale at closing.

Headquartered in Portland, CBA is an independent craft brewing company that brews and brands craft beers on the US market.

The craft brewery focuses on the growth and development of its brands, with a range of modern brewing and distribution facilities, as well as integrated marketing infrastructure.

Its portfolio combines the power of Kona Brewing with regional breweries such as Appalachian Mountain Brewery, Cisco Brewers, Omission Brewing, Redhook Brewery, Square Mile Cider, Widmer Brothers Brewing, and Wynwood Brewing.

CBA currently operates breweries and brewpubs across the US, as well as in 30 different countries worldwide.