Chobani Founder Hamdi Ulukaya Acquires San Francisco's Anchor Brewing, Plans Revival with Old Label

May 31, 2024, 05:00 PM

Hamdi Ulukaya, the billionaire founder and CEO of Chobani yogurt, has acquired Anchor Brewing Company, a historic San Francisco brewery that closed last year after 127 years of operation. Ulukaya plans to modernize and reopen the brewery, preserving its legacy and preventing its assets from being liquidated. The acquisition includes the building, brewhouse, and brand. This move is seen as a significant investment in San Francisco's heritage, with Ulukaya expressing his commitment to reviving the iconic brand. Anchor Brewing, known for its Anchor Steam Beer, is considered a pioneer in the craft beer industry. The old label will also be brought back. Ulukaya, whose net worth is valued at $2.4 billion, aims to maintain the brewery's historical significance.