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Anchor Brewing Company, country's 1st craft brewery, shutting down after 127 years in San Francisco

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'We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations.'

Anchor was established in San Francisco in 1896 and was the country's first craft brewery.

Employees were given notice of the shutdown on Tuesday, and will be offered transition support and separation packages.Anchor had recently limited sales of beers to California but now with the stopping of brewing, they will continue packaging the beer on hand through the end of July. The company's assets will be put up for sale as an alternative to bankruptcy. Anchor has had no luck in finding buyers for the brewery, but state in the press release that one may still come forward in the liquidation process."Anchor is grateful for its employees who exude so much passion for the Anchor brand," Singer said. "Anchor thanks them for their commitment and all that they have done to build and care for this beloved brewery.

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