Chobani Founder Acquires San Francisco’s Anchor Brewing Co.

SAN FRANCISCO (AP) — Craft beer enthusiasts were in for a surprise as Chobani yogurt founder and billionaire Hamdi Ulukaya announced the acquisition of the iconic Anchor Brewing Co. in San Francisco. Known for its popular Anchor Steam and Christmas Ale beers, the purchase marks a new chapter for the historic brewing company.

The exact purchase price remains undisclosed, but Ulukaya expressed his excitement about joining forces with Anchor Brewing Co. In a statement released on Friday, he emphasized the significance of the brand’s San Francisco roots, stating, “I believe brands born in places like this are incredibly special and must be treasured, respected and loved.”

Established in 1896, Anchor Brewing Co. faced challenges in recent years, leading to its closure announcement in the previous year due to declining sales and increased competition from other alcoholic beverages. However, Ulukaya’s Shepherd Futures, the family office of Chobani’s CEO, now owns the assets of the beloved brewing company, offering a glimmer of hope for its future.

Ulukaya’s journey from a dairy-farming background in Turkey to founding one of the leading yogurt companies in the U.S. is a testament to his entrepreneurial spirit. Chobani, established in 2005, has grown beyond yogurt to offer a range of dairy products, including milk, creamers, and beverages. The company, based in New York, has become a household name synonymous with quality and innovation.

With this latest acquisition, Ulukaya’s vision for the rebirth of Anchor Brewing Co. is set to preserve the legacy of the iconic brand while introducing new opportunities for growth and revitalization. As beer enthusiasts eagerly await what the future holds for Anchor Brewing Co., Ulukaya’s dedication to honoring its heritage and San Francisco’s brewing tradition remains at the forefront of this exciting development.