SAN FRANCISCO (KGO) -- San Francisco based Anchor Brewing is being acquired by Japanese beer company Sapporo.
RELATED: San Francisco brewery hopes to expand with sale to Japanese beer maker
[Ads /]
Both companies have a lot of history - in fact, they're both more than 100-years-old. Anchor Brewing is known best in San Francisco for its famous Anchor Steam beer that's credited for starting the craft beer movement in the U.S.
Saporro said in a statement that acquiring Anchor Brewing is "expected to accelerate growth in the U.S."
[Ads /]
Saporro has been targeting North America since 2006 after acquiring some Canadian brands. The price of the deal hasn't been revealed.