The News Release:
THE GRIFFIN GROUP ACQUIRES ANCHOR BREWING COMPANY AND ESTABLISHES ANCHOR BREWERS & DISTILLERS, LLC
Acquisition Continues the Legacy of a San Francisco Icon
(San Francisco, CA) – April 27, 2010 – The Griffin Group, an investment and consulting company focused on beverage alcohol brands, announced its acquisition of Anchor Brewing Company which includes its portfolio of craft beers and artisan spirits, including the award winning Anchor Steam Beer.
The Griffin Group is led by beverage alcohol veterans, Keith Greggor and Tony Foglio, two longtime San Francisco residents who have been working with Anchor Brewing Company’s owner, Fritz Maytag to maintain the iconic brewery and distillery in San Francisco.
“Anchor Brewing Company has a long history in San Francisco and The Griffin Group is ushering in an exciting era while maintaining our proud, time-honored history,” said Fritz Maytag. “Combining Keith and Tony’s passion for the Anchor Brewing Company, their industry experience and expertise only means that Anchor will be enjoyed in San Francisco for generations to come.”
“Since 1896, Anchor Brewing Company has been an icon of San Francisco’s history and culture,” stated Griffin’s Founding Partner, Keith Greggor, “I am honored to bring Anchor Brewing Company into our family of craft beers and artisanal spirits through establishing Anchor Brewers & Distillers, LLC.”
Anchor Brewers & Distillers intends to establish a “Center of Excellence” in San Francisco for craft brewers and artisan distillers from around the world. An epicenter of development, education, entertainment and innovation, all designed to further contribute to the culture and heritage of craft beer and artisan spirits.
“San Francisco is the perfect place to establish this center,” stated Tony Foglio, “Through our extensive portfolio of craft beers and fine spirits our focus will be to educate and satisfy the increasing consumer demand for authentic, quality and natural products that reflect the passion of their creators.”
Continuing the Anchor heritage, Mr. Maytag has been named Chairman Emeritus of Anchor Brewers & Distillers.
The Griffin Group operates as both boutique merchant and investment bank for premiere craft beers and artisan spirits. In addition to the Anchor Beers, The Griffin Group will assume control of the spirits brands including Old Potrero Whiskey, Junipero Gin and Genevieve Gin through the acquisition of Anchor Brewing Company. Additional affiliated companies to be held under Anchor Brewers & Distillers include Preiss Imports, a leading US specialist spirits and beer importer, and BrewDog USA, LLC, the US division of the leading UK craft beer.
The Griffin Group is headquartered in Novato, Marin County, California.
We all know that we will see a lot of this sort of thing in the next decade or two as the founders of the early craft breweries grow older, but I doubt anyone saw this coming. I trust Fritz Maytag’s judgment so I’ll go along with the argument that this is a good thing if there had to be a “thing” at all.
NOTE: Nobody is going to believe this, but this post was written hours ago and then I proofed and previewed it but never posted it until just now when I discovered the error. You could go check the Beer Yard story I put up right after I wrote the above to verify…except it has no time stamp. Damn. No big deal, but I just had to add this to make me feel better. You all know how I love scoops and I got the news release earlier than most, who knows why.SHARE