Anchor Brewing, America’s oldest craft brewery, has closed its doors after 127 years in business.

Anchor Brewing Company announced its intention to suspend operations and liquidate the company, citing years of declining sales.

Sapporo, the Japanese brewing conglomerate that bought Anchor in 2017, announced that efforts to revitalize the brand had failed.

It was dubbed the “Godfather” of America’s craft beer revival.

“This was an extremely difficult decision,” said Anchor Brewing’s spokesman, Sam Singer.

“We recognize the importance and historic significance of Anchor to San Francisco and the craft brewing industry,” he said. “However, the effects of the pandemic, inflation, particularly in San Francisco, and a highly competitive market left the company with no choice but to cease operations.”

Brewing behemoths like Miller and Anheuser-Busch formerly ruled America. However, the number of independent brewers has increased dramatically since the 1980s.

Anchor, with its roots in the Gold Rush, was a pioneer of that trend, expanding its profile beyond San Francisco in the 1970s and 1980s with funding from a Maytag appliance heir and an appearance alongside Arnold Schwarzenegger in television drama “The Streets of San Francisco.”

According to a 2017 Eater profile of the brewery, it was recognized for giving a “bubbly, malty, kind of bittersweet alternative to the watery pilsners” that had long dominated the market.

That flavor was derived from the steam brewing method, which Eater identified as one of the few indigenous to the United States.

However, the brand, which mostly sold to bars and restaurants, has recently failed.

According to Sapporo, which purchased the company for $85 million in 2017 in order to increase its foothold in the US beer market, it made $10 million in revenue last year, down from $12 million the previous year.

Sapporo said it sought to boost sales by updating items and making other efforts, but the pandemic’s impact was too great.

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