PV Brewing Partners, a team of investors with decades of combined beer industry and business growth expertis, agreed to acquire the Hawaii operations of Kona Brewing Company, a brewery in Kailua-Kona on Hawaii's Big Island. Financial terms were not disclosed. The arrangement with PV Brewing is contingent on the closing of the proposed expanded partnership between CBA and Anheuser-Busch, at which point PV Brewing will purchase CBA’s Kona Brewing operations in Hawaii, including the new brewery and two brewpubs. The arrangement does not include CBA’s Kona business outside of Hawaii.