San Francisco's Anchor Brewing sold to Sapporo

A rendering shows one aspect of the adaptation strategy at the proposed Mission Rock development

A rendering shows one aspect of the adaptation strategy at the proposed Mission Rock development

San Francisco-based Anchor Brewery, which boasts of being America's "first" craft brewery, declared itself to be acquired by Sapporo Holdings of Japan.

The price of the deal has not been publicly disclosed.

According to reports from Anchor's reps, brewing operations will remain in San Francisco and they insist that the recipes will not be altered.

He added further that the sale only included the brewing arm of Anchor Steam and that its distilling business had been separated from its parent body in the sale and is now an independent company in its own right.

Established in 1896, Anchor Steam is one of the nation's oldest craft breweries. The brewery maintains that while Sapporo has taken over Anchor, the brewing process will still take place in a completely non-diminishing way. "With both a long-term vision and the resources to realize it, Sapporo will keep brewing Anchor's beers in San Francisco while expanding to new markets worldwide".

President of Sapporo Masaki Oga said through a prepared statement that both breweries share the same brewing philosophy supported by long histories.

"Sapporo committed to investing in the Potrero Hill brewery until we exceed capacity of that brewery, but I have no idea when that would be", Greggor told the Gate.

While breweries continue to pop up across the United States at an alarming rate, craft beer sales have slowed to their lowest growth year since 2004. "We are now running at about 55 to 60 percent of that capacity".

Additionally, plans to open Anchor's new public taproom concept across the street on De Haro are still moving forward and have Sapporo's support.

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