(Crain's) — Pabst Brewing Co. and the Chicago Cubs have renewed an agreement to serve Old Style beer at Wrigley Field.

The deal, announced Wednesday, will keep Old Style and Old Style Light at the ballpark for the 2012 and 2013 seasons. Old Style beer has been sold at Wrigley Field since 1950.

"The Old Style and Cubs partnership is one of the longest-running in professional sports," Evan Metropoulos, co-owner of Pabst Brewing Co., said in a press release. "We're extremely excited about continuing to support the community and the city's cherished sports franchise."

In the same statement, Cubs co-owner Todd Ricketts said, "I am excited as a fan of both organizations that the Old Style tradition at Wrigley Field will continue."

The relationship between the North Side baseball team and the brewing company had been tenuous in recent months. According to a published report, Pabst Chairman and co-owner C. Dean Metropoulos — Evan Metropoulos' father — fired off a memo to senior staffers shortly after he bought the company saying that he wanted to "exit the Cubs deal" in favor of spending more to market Old Style Light.

Pabst Brewing Co., once based in Woodridge, was bought by private-equity firm Metropoulos & Co. in 2010. The Greenwich, Conn.-based investment firm also owns Ghirardelli Chocolate and Stella Foods.

(The Associated Press contributed to this report.)