The rest of the storyAnother StoryThe 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.
Expansion plansThe new owners of Anchor Brewing plan to capitalize on the firm's reputation to expand their footprint in distinctive beers and spirits. Through their Griffin Group investment company, Greggor and Foglio have already acquired Preiss Imports, a 14-person San Diego firm that specializes in fine spirits. They also have a minority interest in BrewDog PLC, a large independent brewery in Scotland, and hope to make that brew locally.Greggor said the deal to acquire the company came about after he and Foglio purchased Preiss and started talking with Maytag, who they had met some years earlier, about their plans."After 45 years of running the business I think he felt it was time to let somebody else help lead the way," Greggor said.