San Francisco's Iconic Anchor Brewing Acquired by Sapporo Holdings

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Though Sapporo's annual sales outstrip Anchor Brewing by quite a lot - $4.9 billion to $33 million in 2016 - the Japanese brewer will now have a chance to get a slice of the American craft beer pie as well.

In theory, bottles and cans of Anchor - America's oldest craft brewery, and the inventor of "steam beer" - will continue pouring out of the Mariposa Street brewery just as it always has.

But the beloved 121-year-old brewery and creator of the city's most famous beer, is being sold to Japan's Sapporo Holdings Ltd.in a landmark deal.

Anchor Steam Beer has been brewed in San Francisco since 1896.

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Saporro said it plans to maintain Anchor's traditions and legacy in San Francisco with the current management team continuing to run the business but with additional resources.

"Anchor Steam Beer is a San Francisco original, inspiring a new generation of brewers and beer lovers around the world", Sapporo President and Representative Director Masaki Oga said. Sapporo announced a year ago that it wants to be a company with "highly unique brands" by 2026 for its 150th anniversary, and Anchor Brewing is the first purchase "pushing forward a distinctive plan that designates North America (as) its business base", the press release states.

"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. Sapporo will also export Anchor to new worldwide markets using its global distribution resources.

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