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Asahi Beverages

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Asahi Group's Australian and New Zealand non-alcoholic beverage business, built around Schweppes and a broad portfolio of soft-drink, juice, cordial and water brands.

Last updated August 22, 2026

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Overview

Asahi Beverages is the Australian and New Zealand non-alcoholic beverage business associated with Asahi Group Holdings. Its portfolio and operating history are rooted in the long-established Schweppes beverage business in Australia, while its present activities include manufacturing, licensing, distribution and marketing across soft drinks, mixers, juices, cordials and bottled water. The business traces an important part of its heritage to the arrival of Schweppes beverages in Australia in 1850. A manufacturing factory was established in Sydney in 1877, followed by a Melbourne facility in 1885. Schweppes later became part of Cadbury Schweppes after an international merger in 1969. Cadbury Schweppes was subsequently separated into independent businesses in February 2009, and Schweppes Australia was acquired by Asahi Breweries in April of that year. The acquisition gave Asahi a substantial local non-alcoholic beverage platform rather than merely an imported-brand operation. Asahi Beverages operates as a portfolio business. Schweppes remains a central brand family, particularly in mixers and traditional carbonated drinks, while the wider range includes licensed brands such as Pepsi, Sunkist, Mountain Dew and Gatorade. Australian-developed or locally managed brands include Solo, Passiona, Cottee's Cordial, Spring Valley Beverages, Pop Tops, Cool Ridge and Frantelle spring water. In 2011, the company expanded its juice, soft-drink and mineral-water position by acquiring the juice and water brands of P&N Beverages, described in the reference material as Australia's third-largest volume supplier in those categories. The product architecture spans everyday refreshment, family soft drinks, adult mixers, sports and functional hydration, juice, cordial and packaged water. This gives the business exposure to both grocery and convenience channels, as well as food service and hospitality occasions. Its Schweppes offering includes tonic water, soda water, ginger ale, lemon-lime-and-bitters and other mixer formats, while its traditional soft-drink range includes products such as cream soda, raspberry, sarsaparilla, lemonade and ginger beer. The company also manages licensed and partner brands whose manufacturing and distribution arrangements broaden its market reach. The head office is in Melbourne. The business has eight manufacturing sites across five Australian states and sales offices in each state, providing a national production and distribution footprint. Although the Asahi name is internationally associated with beer, the subject covered by the Asahi Beverages article is specifically the group's non-alcohol beverage business in Australia and New Zealand. Beer brands such as Asahi Super Dry and Peroni therefore should not be treated as core products of this encyclopedia entry. Asahi Beverages is best understood as a large regional beverage platform combining inherited Australian brands, licensed international labels and locally produced refreshments.

History

Asahi Beverages has its deepest Australian roots in the Schweppes soft-drink business. Schweppes beverages reached Australia in 1850, establishing an early connection between the international Schweppes name and the country's developing packaged-drinks market. Local manufacturing followed with the construction of a Sydney factory in 1877 and a Melbourne factory in 1885. These facilities helped turn Schweppes from an imported beverage label into a locally produced brand family. In 1969, Schweppes became part of Cadbury Schweppes through an international merger. That corporate structure combined confectionery and beverage interests for several decades, but it was ultimately separated on 27 February 2009. After the separation, Schweppes Australia became available for acquisition, and Asahi Breweries purchased the business in April 2009. The transaction gave Asahi a significant Australian non-alcohol beverage operation with established production assets, brands and distribution capabilities. Following the acquisition, the business continued to manufacture and distribute Schweppes products while also operating licensed and partner brands. Its licensed portfolio included Pepsi, Sunkist, Mountain Dew and Gatorade. Its broader Australian portfolio included Solo, Passiona, Cottee's Cordial, Spring Valley Beverages, Pop Tops, Cool Ridge and Frantelle spring water. This mixture of international licenses and local brands allowed the company to participate across carbonated soft drinks, mixers, juice, cordial, sports beverages and packaged water. A further expansion occurred in 2011, when Asahi acquired the juice and water brands of P&N Beverages. The transaction strengthened its position in juice, soft drinks and mineral water and added to the breadth of its Australian portfolio. The company subsequently operated as a multi-category beverage platform rather than a business centered on a single flagship label. The Schweppes range remains particularly significant in the mixer category. Products identified in the reference material include dry ginger ale, diet dry ginger ale, Indian tonic water, lemon-lime-and-bitters, soda water, diet tonic water and bitter lemon. Other Schweppes product families have included the Agrum collection, mineral waters, traditional soft drinks and cordials. Some historical variants were discontinued, including certain Agrum-related products, so the range has changed over time. Asahi Beverages' operational footprint is centered on Australia and extends to New Zealand. Its head office is in Melbourne, with eight manufacturing sites across five Australian states and sales offices in every state. This network supports national production and distribution for grocery, convenience, hospitality and other beverage channels. The company is distinct from Asahi's beer business: in the context of the canonical Asahi Beverages article, the subject is the group's non-alcoholic beverage operation. Its history therefore concerns Schweppes and related soft-drink, juice and water assets rather than Asahi Super Dry or other beer brands.

  • 2011

    P&N brands acquired

    [1]

    Asahi acquires P&N Beverages' juice and water brands, expanding its Australian portfolio.

  • 2009

    Corporate separation and Asahi acquisition

    [1]

    Cadbury Schweppes separates on 27 February, and Schweppes Australia is acquired by Asahi Breweries in April.

  • 1969

    Cadbury Schweppes merger

    [1]

    Schweppes becomes part of Cadbury Schweppes following an international merger.

  • 1885

    Melbourne factory established

    [1]

    A second factory is established in Melbourne, strengthening local production capacity.

  • 1877

    Sydney factory established

    [1]

    The first Australian Schweppes factory is built in Sydney.

  • 1850

    Schweppes beverages arrive in Australia

    [1]

    Schweppes beverages are introduced to the Australian market, forming the earliest documented part of the business's local heritage.

Products and positioning

Broad-market beverage portfolio combining established Australian brands, licensed international labels and premium mixer products.

  • Mixers

    Schweppes Classic Mixers

    A mixer range associated with Schweppes and including dry ginger ale, diet dry ginger ale, Indian tonic water, lemon-lime-and-bitters, soda water, diet tonic water and bitter lemon. The range serves both home consumption and hospitality occasions, pairing with spirits as well as functioning as standalone carbonated refreshments.

  • Flavoured soft drinks

    Schweppes Agrum Collection

    A Schweppes flavoured beverage family that has included blood orange, citrus blend and sugar-free citrus blend variants. Historical products also included white grape and passionfruit and calamansi lime offerings, although some variants were discontinued at different points.

  • Bottled water and flavoured water

    Schweppes Mineral Waters

    A water-oriented range identified with flavours including lemon, orange and lime, orange and mango, apple and pink grapefruit, lemon and lime, and orange and passionfruit, alongside sparkling and natural mineral water formats.

  • Carbonated soft drinks

    Schweppes Traditional Soft Drinks

    Traditional carbonated drinks associated with flavours such as red cream soda, brown cream soda, raspberry, sarsaparilla, lemonade, pink lemonade, lime, ginger beer, fruit tingler and fairy floss. These products represent the heritage and flavour-led side of the Schweppes portfolio.

  • Cordials

    Schweppes Cordials

    A concentrated beverage range including raspberry, lemon and lime cordial. Cordials are intended to be diluted before consumption and extend the company's presence into household beverage preparation rather than ready-to-drink formats alone.

  • Licensed soft drinks and sports beverages

    Licensed beverage portfolio

    Asahi Beverages manufactures and distributes licensed brands including Pepsi, Sunkist, Mountain Dew and Gatorade in its relevant markets. These brands broaden the portfolio across mainstream cola, citrus soft drinks, flavoured carbonates and sports hydration.

  • Soft drinks, juice, cordial and water

    Australian beverage portfolio

    Locally established or managed brands include Solo, Passiona, Cottee's Cordial, Spring Valley Beverages, Pop Tops, Cool Ridge and Frantelle spring water. Together they cover family refreshment, juice, cordial, children's drinks and bottled water.

Brand decisions

  • 2011

    Acquire P&N juice and water brandsM&A

    Background

    Asahi sought to broaden its presence in juice, soft drinks and mineral water after acquiring Schweppes Australia.

    Action taken

    Asahi acquired the juice and water brands of P&N Beverages.

    Aftermath

    The transaction expanded the company's Australian brand portfolio and category coverage.

  • 2009

    Acquire Schweppes AustraliaM&A

    Background

    The separation of Cadbury Schweppes created an opportunity to acquire the Australian Schweppes beverage business.

    Action taken

    Asahi Breweries purchased Schweppes Australia in April 2009.

    Aftermath

    The acquisition established the foundation of Asahi's Australian non-alcoholic beverage operations.

Recent events

  • Reported

    Asahi Beverages highly commended in 2021 Adam Smith Awards[2]

    GTreasury announced that customer Asahi Beverages was named a highly commended winner for Best in Class Treasury Solution in ASEAN in the 2021 Adam Smith Awards - Asia.

  • Unconfirmed

    Circular Plastics Australia PET joint venture formed[3]

    Cleanaway Waste Management, Pact Group and Asahi Beverages combined their expertise to form Circular Plastics Australia PET, a joint venture to build a PET recycling facility in regional Australia.

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