Big news from our neighbors to the north, San Francisco came in right at the end of May as, Hamdi Ulukaya, Chobani founder and CEO, announced the purchase of the whole kit and kaboodle of Anchor Brewing. All of Anchor’s assets, the steam beer recipes, the brewing equipment and the building and warehouses too. The yogurt business must be good.
THIS SF Gate piece has a lot of good bits to it but what struck me was this quote paragraph… “Brands like Anchor don’t come that easy. How do you value something like this? Do you value it because it’s been here 127 years?” Ulukaya said. “Do you value it because of how much love and passion goes into creating something like this? The ingredients and knowledge and tradition and yeast and secrets? Do you value it because of how much loyalty people have for it? Or do you value it for how much money it makes?”
That sounds atypical of most owners, looking at you shady Sapporo, as the focus seems to be the product and the legacy and not financials. It might be too late for beer from Anchor Brewing this year but 2025 is a possibility.