121-year-old Anchor Brewing has been acquired by Japan’s Sapporo Holdings LTD.
Anchor Brewing was established in 1896; most well-known for their Anchor Steam Beer. By 1965 the brewery was nearing bankruptcy when it was purchased by now craft beer pioneer Fritz Maytag for a modest few thousand dollars.
Since then, Anchor has surged, leading the craft brewery boom. Anchor even touts Liberty Ale as one of America’s first modern India pale ales.
In 2010, Maytag sold the brewery to Greggor and Tony Foglio.
According to Sapporo, the deal has been in the works over a year. Sapporo Holdings LTD. now fully owns Anchor Brewing and will continue operations at the Potrero Hill brewery for the time being.
This acquisition comes just a week after Heineken acquired a small stake in Michigan’s Short’s Brewing, and San Francisco neighbor 21st Amendment and Colorado’s Funkwerks, sold equity to Brooklyn Brewery.
The amount of the deal has not been disclosed.