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updated: 4/27/2010 3:57 PM

San Francisco beer company Anchor Brewing Co. sold

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SAN FRANCISCO -- Anchor Brewing Co., the San Francisco beer company that helped spark the modern microbrewery movement, has been sold to two Bay Area entrepreneurs in the artisan beers and spirits business.

Fifty-five-year-old Keith Greggor and 64-year-old Tony Foglio of the investment and consulting company The Griffin Group announced their purchase Tuesday. The terms of the sale were not disclosed.

Greggor and Foglio, who also developed the Skyy Vodka brand, say they plan to expand the brewery's operations.

The brewery had been held by Fritz Maytag, heir to the washing machine fortune, since 1965. Maytag is credited with saving the company from bankruptcy and influencing the founders of other microbreweries, including the Sierra Nevada Brewing Co.

He will remain with the company as chairman emeritus.