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Japan's Sapporo Holdings buys over US brewer

The deal reflects mounting pressure by makers of craft beer to find deep-pocketed partners as they face an increasingly crowded market and more discerning drinkers

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Anchor Brewing is the 22nd-largest craft brewer in the US by sales volume, according to figures released by the Brewers Association in March.

Tokyo

ANCHOR Brewing Co, a century-old San Francisco brewer that helped pioneer the craft-beer movement, will be acquired by Sapporo Holdings Ltd, part of a push by Japanese beverage companies to seek growth on US soil.

The business, best known for Anchor Steam beer, fetched about

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