Ten months after San Francisco’s iconic Anchor Brewing Company announced it would cease operations after 127 years and liquidate its assets, a buyer has stepped forward to revive the brand.
Hamdi Ulukaya, the billionaire founder of Chobani yogurt, announced Friday that he is acquiring Anchor and all its assets, including the brewery, other real estate and intellectual property such as Anchor’s steam beer recipes. Ulukaya said in a video published on social media that he plans to reopen the brewery, honor Anchor’s history and heritage and keep the business in San Francisco’s Potrero Hill neighborhood.
“San Francisco is the heart of Anchor Brewing, and Anchor embodies so much of what makes this city great,” Ulukaya said in a prepared statement. “I am humbled and excited to be a part of this city and its rich community of people, who have a special and unique spirit. I have learned so much about Anchor and its role in San Francisco’s journey, and I look forward to to do everything I can to support this great story of revitalization.”
Known as America’s first craft brewery, Anchor started in 1896 during the California Gold Rush. Company closed activities in August 2023citing the effects of the pandemic, inflation and a highly competitive market.
This is a breaking news update. More information will be added when available.
