So sad to see an institution go. I heard they were canceling their celebration ales due to low sales but this is way worse. Happy I used to work near there on Rhode Island and did the daytime brewery tour, very cool history there and unique San Francisco climate that led to their signature beer.
this post was submitted on 12 Jul 2023
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Anchor was the first "real" beer I ever had when I was a young man. It will always hold a special place in my heart.
There's a lot of interesting extra context, mostly as hearsay on Reddit SF (if you want to find it) and HN.
Basically it seems like:
- Sapporo closed Anchor as a cost cutting measure, as Anchor has been losing money YoY for a while now (which I believe is known at time of acquisition)
- Sapporo wanted to use Anchor to brew Sapporo in the US, but found out their brewery was too old to brew Sapporo
- Sapporo instead bought Stone Brewing, which now brews Sapporo and Stone
Feels bad, Anchor was definitely one of my go-to basic beer from the grocery. Guess I'm getting more Fort Point now?
I can’t understand how they didn’t know the nature of the facility. You could see what a small a craft shop it was just by going on the tour.
My bad, turns out the breweries being too small was a figment of my imagination. I reread the original Reddit comment, and it only mentioned the facilities were outdated.
It looks like Sapporo was targeting 360,000 barrels by end of 2024, whereas Anchor Brewing's expansion into Pier 48 would've brought the volume to 680,000 barrels. Anchor brewed 135,000 barrels in 2016 and it sadly dropped to only 65,000 barrels in 2023, which meant Anchor would've easily accommodated Sapporo's volume.
I'll edit the original comment.
Given that I can understand why Sapporo took the risk. They bought Anchor for 2.5 times sales at $85 million, when other breweries like Lagunitas was going for $1B. Sapporo likely thought they could've trimmed losses and made the money back in a few years, but sadly COVID happened, and Sapporo themselves are decreasing in value.
NOOOO! God damn it Sapporo, why did you ruin my Anchor Steam Beer with and insipid logo changes and shitty aluminum cans‽
Wow, Sapporo really did fuck up Anchor Brewing! https://vinepair.com/articles/sapporo-usa-anchor-brewing-liquidation-analysis/
Remember this: Anchor survived everything — fires, depressions, recessions, everything — for nearly a century and a half before Sapporo USA came along and drove it into “dire distress” in less than half a dozen years. The company says it did everything it could; workers say it did too much, when it wasn’t doing enough.
Damn shame. With this does it mean the death of a style? Does anyone else do California common with wide distribution? I'll have to pick up a bunch before it's gone.
So sad! I toured the place twice and enjoyed their beers in many good times. Their process was truly unique, with yeast strains suited to the cool and foggy climate of SF, and wide, shallow rooftop fermenters. I remember walking through the bottling area and seeing an employee grab one off the line and take it back to the nearby lunch table where he was eating :) The company was clearly not doing well financially and got sold at least once, but I guess they never found the financial backing or distribution they needed to survive :(
Fun fact from the tour: steam is not involved in the making of the beer, nor is it a variety of beer. The term comes from a time when steam engines were still commonly in use on large ships and it just had associations of strength and industry and energy. Steam was a modern and vital technology of that era. Today we might say “quantum beer” in much the same spirit.