Anchor Brewing, a true San Francisco institution of more than 127 years, is shutting down operations. (via EaterSF)
, joining the International Longshore and Warehouse Union. At the time, workers were asking for better pay and better hours. A current worker who spoke to Vinepair told the outlet they had not heard about the shutdown until that conversation.
That all said, the brewery could be purchased at the final hour. The company is selling its assets through a process called Assignments for the Benefit of Creditors , which is used to make money back for investors quickly, in comparison to bankruptcy. It was through this same process longtime owner Fritz Maytag bought the brewery in 1965. As Peter Hartlaub for the
wrote, the beer is as much a San Francisco staple as It’s-It ice cream sandwiches and Oracle Park garlic fries. Perhaps another company will decide to take up the mantle and keep the beer flowing.Check your inbox for a welcome email.By submitting your email, you agree to our
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Anchor Brewing Company, country's 1st craft brewery, shutting down after 127 years in San Francisco'We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations.'
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SF's Anchor Brewing Company, country's 1st craft brewery, shutting down after 127 years'We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations.'
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Anchor Brewing halting operations after 127 yearsAnchor has been a trailblazer in the U.S., brewing craft beers when most Americans were loyal to one of the few major breweries.
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Century-old San Francisco Anchor Brewing company closingAnchor Brewing Company officials announced early Wednesday that it will cease operations and liquidate the business -- established in 1896 -- citing economic factors including declining sales since 2016.
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