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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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 US$85 million in the transaction, which is slated to close by the end of the month.
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