anchor steam brewing company san francisco
Another craft beer bites the dust.


Japanese mega-brewery Sapporo is buying the maker of the popular craft beer Anchor Steam for $85 million, the company announced Thursday.

The acquisition of Anchor Brewing Company will help Sapporo — which makes the macrobrew of the same name — expand its footprint and distribution in the hop-loving US as beer drinking continues to decline in Japan.

The deal is expected to close at the end of the month.

Founded in San Francisco in 1896, Anchor is one of America’s original craft breweries and the 22nd-largest in the country, according to the Brewers Association. It sold 1.75 million cases last year and generated $33 million in revenue.

The deal is just the latest in a wave of macrobrew takeovers of smaller craft producers, as American palates and preferences have tilted from traditional domestic…