Craft beer pioneer Anchor Brewing Co. has been purchased by Chobani yogurt founder and billionaire Hamdi Ulukaya.
FILE - A pack of Anchor Brewing Co. steam beer is photographed at a store in San Francisco, Wednesday, July 12, 2023. The billionaire said in a news announcement Friday, May 31, 2024, that he is excited to be part of the company's rebirth in San Francisco. – Craft beer pioneer Anchor Brewing Co. — maker of its famous Anchor Steam and Christmas Ale beers — has been purchased by Chobani yogurt founder and billionaire Hamdi Ulukaya.
The purchase price was not disclosed. Ulukaya said in a statement issued Friday that Anchor embodies much of what makes San Francisco so great and he's excited to be part of the company's rebirth.“I have fallen in love with this city, its history, grit and charm. I believe brands born in places like this are incredibly special and must be treasured, respected and loved,” he said.
Shepherd Futures, the family office of Chobani CEO and founder Ulukaya, now owns the assets of Anchor Brewing. Ulukaya was raised in a dairy-farming family in eastern Turkey. He founded Chobani in 2005 after moving to the U.S., looking to recreate the wholesome Greek yogurt from his childhood, according to the Chobani website.Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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