Chobani CEO saves historic Anchor Brewing Co

Anchor Brewing Co., known for Anchor Steam and Christmas Ale beers, was bought by Chobani yogurt founder Hamdi Ulukaya. The purchase price was not shared. Ulukaya expressed excitement about being part of Anchor's revival, praising San Francisco's history and charm. The brewery, established in 1896, faced closure due to declining sales and competition from other drinks. Fritz Maytag saved Anchor from financial trouble in the 1960s, sparking a revival in local brewing. Japanese brewer Sapporo acquired Anchor in 2017. Last year, attempts by brewery employees to buy the company failed. Now, Shepherd Futures, owned by Chobani's Ulukaya, owns Anchor Brewing. Ulukaya, raised in a dairy-farming family in Turkey, expanded Chobani beyond yogurt to other drinks. The acquisition of Anchor Brewing by Ulukaya's family office marks a new chapter for the 127-year-old brewery. Beer enthusiasts were saddened by Anchor's announcement of ceasing operations. Ulukaya's acquisition brings hope for the brewery's future. Anchor's history dates back to the California Gold Rush, known for its iconic Anchor Steam beer. Ulukaya aims to revive the beloved brand and support San Francisco's community. Ulukaya's admiration for San Francisco and Anchor Brewing's legacy shines through his commitment to revitalizing the brand. The acquisition by Chobani's founder brings a sense of renewal to the iconic brewery and the city. Ulukaya's dedication to preserving and reviving brands with rich histories is evident in his vision for Anchor Brewing's future.