Bay Area/ San Francisco/ Food & Drinks
AI Assisted Icon
Published on May 31, 2024
Chobani Founder Hamdi Ulukaya Brews New Future for San Francisco's Anchor BrewingSource: Wikimedia Commons / Picardin

New York's yogurt tycoon Hamdi Ulukaya has swooped in to rescue San Francisco's iconic Anchor Brewing, ensuring that America's first craft brewery remains in its original home city. The Chobani CEO's family office, Shepherd Futures, finalized the acquisition of Anchor's assets for an undisclosed figure but is promising a revival of what has been part of an integral San Francisco's legacy since 1896. "What an exciting time for San Francisco and Anchor Brewing," Ulukaya beamed in a statement obtained by SFGate. "Both are experiencing the magic of rebirth."

In the details provided to Hoodline by a representative for Anchor Brewing, the deal was buttressed by Presidio Bay Ventures, who will stay on as advisors amidst the transition. This purchase signals a comeback for the brewery, which became known for its signature Anchor Steam and Christmas Ale. However, due to economic pressures, its Potrero Hill operations went dark last year.

With a colorful history of the California Gold Rush, the brewery has weathered multiple challenges, from the catastrophic 1906 earthquake to Prohibition. It was Fritz Maytag who, in 1965, revived Anchor, spurring the craft beer movement that would shape American brewing in the decades to come. However, after several ownership changes and facing the harsh economic environment, the brewery closed in 2023.

Ulukaya, no stranger to the food and beverage scene, grew Chobani into a leading brand after its start in 2005. His acquisition of Anchor Brewing is seen as more than just a business move but also an effort to preserve San Francisco’s brewing culture. "I believe brands born in places like this are incredibly special and must be treasured, respected and loved," Ulukaya told the press, echoing a sentiment that resonates with both the city's and the brand’s die-hard fans.