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Anchor Brewing sells to investment group


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Inc Magazine reports that 72 year old Fritz Maytag, the father of the modern craft brewing movement, has agreed to sell his Anchor Brewing Company to the team behind Skyy vodka.

 

Ushering in what could be a new era for one of the country's most iconic breweries, Anchor Brewing Company announced Monday that founder Fritz Maytag sold the business to the Griffin Group. The acquirer is a boutique investment company based in Novato, California, and led by alcohol-industry veterans Keith Greggor and Tony Foglio, who helped to develop Skyy Vodka. The new owners will work with Maytag, who will serve as chairman emeritus of the new corporate entity, to "maintain the iconic brewery and distillery in San Francisco," according to a release.

 

Maytag, the 72-year-old entrepreneur behind the Anchor Steam brand, is an icon all by himself: The great grandson of the founder of the Maytag Corporation, he bought the small brewery in 1965, reviving and renaming it. Over the years that followed, Maytag grew Anchor Brewing into one of the country's first and finest craft beermakers—one that inspired scores of other brewers in the United States.

 

"He really helped kick-start the craft beer movement in the U.S.," says Ken Grossman, founder of Sierra Nevada, a craft brewery based nearby in Chico, California.

 

 

Acquired, but quality won't change...

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