Anchor Brewing Co. employees offer to buy the company

Anchor Union members voted this past Wednesday to make an offer to buy the brewery after its parent company announced plans on July 12 to close the 150-year-old brewery. , a news outlet dedicated to covering the alcohol industry, hours after the union voted to make an offer.

"The idea at first seemed like maybe a pipe dream, but so many people reached out to us," de Sá told theRelatedAnchor Brewing Company officials announced early Wednesday that it will cease operations and liquidate the business -- established in 1896 -- citing economic factors including declining sales since 2016.

"Given our deep respect for the Anchor Union and our team members, should our employees put forward a bona-fide, legally binding offer to buy the Company, one that includes a verifiable source of funds, we would gladly consider it," said Sam Singer, a spokesman for Anchor Brewing Co.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Now Anchor Brewing Workers Say They Want to Buy the Business and Turn It Into a Co-op“All we want is a fair shot at being able to continue to do our jobs, make the beer we love, and keep this historic institution open.” (via eatersf)
Source: Eater - 🏆 368. / 59 Read more »