Anchor Steam, which had been brewed in San Francisco for 127 years before closing in 2023, was purchased by the billionaire founder of Chobani Yogurt, Hamdi Ulukaya, in May 2024. Hamdi Ulukaya, the billionaire founder and CEO of Chobani, came out on top in a months-long auction process to sell off Anchor, the 127-year-old brewing company thatdue to declining sales and rough economic conditions.
Ulukaya and his family office bought all of Anchor’s assets, including its Potrero Hill campus and brewing equipment, for an undisclosed price. Ulukaya told the Chronicle he hopes to get the brewery running again as soon as the city allows it, saying: “Wouldn’t it be amazing to get it going in time to make the Christmas ale this year?”
Anchor was one of the first craft-beer brewers in America, and its unique brewing techniques quickly made it an icon far beyond San Francisco. However, a downturn in beer sales across the country — a more-than 3 percent drop in volume in 2022 alone, according to the trade group, the Brewers Association — landed it in a perilous position in recent years..
For a brief period, the union that works at Anchor, Warehouse Union Local 6, tried to raise funds to purchase the brand. It dropped that effort in April “due to the competing bid amounts from other interested parties,” itAsk Amy: I think my neighbor is in trouble, and I don't know who to tell'Biggest heat event of the year' about to settle into Bay AreaMedian home price surpasses $2 million in these two Bay Area countiesDear Abby: He got so mad about the Google Maps issue.
Source: News Formal (newsformal.com)
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