TOKYO -- Japan's Sapporo Holdings on Friday said that it will acquire California-based Stone Brewing for $168 million, in a foray into the growing U.S. market for craft beer.
Business deals
Sapporo to buy U.S. craft beer maker Stone Brewing for $168m
Japanese company gains 2 breweries in California and Virginia
Stone Brewing held the ninth biggest share in the U.S. craft beer market in 2021. (Photo courtesy of Stone Brewing)
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