Stone Brewing Acquired By Japanese Brewery Sapporo For $165 Million

Stone Brewing, San Diego County's largest brewing company, has been acquired by Japanese beer giant Sapporo's United States branch, it was announced Friday.

"To have the interest of a company like Sapporo in continuing the Stone story is a testament to the great beers we've created and will continue to create for our fans across the globe," he said.Sapporo intends to produce its Sapporo-branded beers for distribution in Stone's breweries in Escondido and Richmond, Virginia. A statement from Sapporo read that the company intends to brew 360,000 barrels in the U.S.

Stone will continue to brew its beers at the two breweries, as well as operate its seven tap rooms with existing branding, management, and workforce under the Sapporo umbrella. Stone is the second acquisition in the craft brew market for Sapporo, following the purchase of San Francisco's Anchor Brewing in 2017.

Source: News Formal (newsformal.com)

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