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Anchor Brewing gets new lease on life after it finds an unexpected buyer

New York CNN —

Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Now, it’s being brought back to life thanks to an unexpected buyer.

Hamdi Ulukaya, the billionaire founder and CEO of yogurt maker Chobani, announced Friday on LinkedIn he has purchased the San Francisco-beer brand with plans to revive Anchor Brewing’s taprooms and beloved brews. Financial terms were not disclosed.

Despite only visiting San Francisco a few times, Ulukaya knew that Anchor had a strong connection to the California city and was intrigued after hearing about its history into rescuing it, despite the craft beer’s troubles. Anchor closed in July 2023 and its former parent company Sapporo USA put it up for sale after facing years of declining sales.

Ulukaya wrote that both the city and Anchor “are both experiencing the magic of rebirth” and that he believes “brands born in places like this deserve to be treasured, respected and loved.”

“I was also touched by Anchor’s devoted employees who have worked tirelessly to make it one of the most beloved beer brands in San Francisco and around the world. I will honor Anchor’s history, and I offer my commitment to its future,” he said.

Ulukaya said he plans to bring back Anchor's old labeling.

Anchor’s remnants have been been embroiled in months-long auction process, with Sapporo offering buyers its real estate and intellectual property separately. However, Ulukaya bought it all, wanting to keep the company completely intact.

Specific plans for the relaunch weren’t released, including how quickly the dormant breweries can be reopened, but Ulukaya told the San Francisco Standard that he plans to bring back its old labeling. In 2021, Sapporo