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Chobani buys Anchor Brewing Company

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Anchor Brewing Company has been acquired by the family office of Chobani, the company announced on Friday.

Chobani CEO and founder Hamdi Ulukaya did not disclose how much money the purchase was for.The purchase was made by Shepherd Futures, the parent company of Chobani. Uluukaya said the deal marks a new beginning for Anchor Brewing, which has been closed since last year and an "optimistic opportunity to continue its 128-year legacy.

Critics are concerned because Ulukaya is not from the Bay Area, and is not familiar with the beer industry, but he promises to reserve the brand’s history and heritage, keeping the company in San Francisco. To that, corporate business expert and emeritus professor at SFSU Mitchell Lee Marks said, "Why discourage money coming into the city?""This is someone who's going to keep a lot of jobs here.

 

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