Anchor Brewing, America's Oldest Craft Brewery, Sells to Sapporo

03 Août, 2017, 21:47 | Author: Claudine Rigal
  • Anchor Beer is based in San Francisco

It was founded 121 years ago. "Obviously Anchor have a venerable brand, as the original brewer that started this revolution. but they fit the pattern of breweries that are struggling a little bit more in this slowdown". These acquisitions included some of the biggest success stories of the craft-beer boom, and huge growth and market saturation contributed to bringing craft beer to a tipping point.

San Francisco's Anchor Brewery, which dubs itself as America's "first and oldest" craft brewery, announced its acquisition by Japan's Sapporo Holdings on Thursday, reports the SF Gate.

Anchor Brewing is as San Francisco as sourdough bread, It's-its ice-cream sandwiches, and burritos. While it survived the 1906 quake and resurfaced after Prohibition, mid-century America's taste for schnapps and flavorless beers proved more menacing threats.

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The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.40 by $1.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $9,494,900.

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Following the completion of the sale, the chief executive officer now owns 55,509 shares in the company, valued at $3,077,974.05. In related news, CEO Riccardo Zacconi sold 19,761 shares of the business's stock in a transaction dated Wednesday, May 17th.

The iconic producer of Anchor Steam Beer will be sold to the equally history 141-year-old Sapporo Brewery.

Keith Greggor, Anchor's president and CEO, told the San Francisco Chronicle the move was a year in the making and was only agreed to after talking to other domestic and global brewers about possible fits. The company brews the popular Anchor Steam, among other offerings. The company would also open a new public taproom on De Haro Street, across the street from its current brewery in San Francisco.


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