Sapporo Holdings

Fighting an ugly court case, but in charge of distributing more than a half-million cases of beer annually, Northern Nevada-based beer wholesaler Crown Beverages ceased operations on June 30, Brewbound has learned. Many of the beer brands Crown once distributed have found a new route to market via competing wholesalers that deliver to retailers in the area.

First Beverage Financial, the investment banking arm of First Beverage Group, announced that it acted as the financial advisor to Anchor Brewing Company in its sale to Sapporo Holdings Limited. Terms of the transaction, which is expected to close in August, were not disclosed.

Japan’s Sapporo Holdings Limited today announced that it would acquire iconic San Francisco craft beer maker, Anchor Brewing Company.