Asahi Beverages
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
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.
- 2011P&N brands acquired
Asahi acquires P&N Beverages' juice and water brands, expanding its Australian portfolio.
- 2009Corporate separation and Asahi acquisition
Cadbury Schweppes separates on 27 February, and Schweppes Australia is acquired by Asahi Breweries in April.
- 1969Cadbury Schweppes merger
Schweppes becomes part of Cadbury Schweppes following an international merger.
- 1885Melbourne factory established
A second factory is established in Melbourne, strengthening local production capacity.
- 1877Sydney factory established
The first Australian Schweppes factory is built in Sydney.
- 1850Schweppes beverages arrive in Australia
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.
Schweppes Classic MixersMixers
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.
Schweppes Agrum CollectionFlavoured soft drinks
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.
Schweppes Mineral WatersBottled water and flavoured water
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.
Schweppes Traditional Soft DrinksCarbonated 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.
Schweppes CordialsCordials
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 beverage portfolioLicensed soft drinks and sports beverages
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.
Australian beverage portfolioSoft drinks, juice, cordial and water
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.
Flagship businesses
- Schweppes mixers
- Pepsi
- Sunkist
- Mountain Dew
- Gatorade
- Solo
- Passiona
- Cottee's Cordial
- Spring Valley Beverages
- Cool Ridge
- Frantelle spring water
Brand decisions
- 2011Acquire P&N juice and water brandsM&A
Asahi sought to broaden its presence in juice, soft drinks and mineral water after acquiring Schweppes Australia.
What changed. Asahi acquired the juice and water brands of P&N Beverages.
Aftermath. The transaction expanded the company's Australian brand portfolio and category coverage.
- 2009Acquire Schweppes AustraliaM&A
The separation of Cadbury Schweppes created an opportunity to acquire the Australian Schweppes beverage business.
What changed. Asahi Breweries purchased Schweppes Australia in April 2009.
Aftermath. The acquisition established the foundation of Asahi's Australian non-alcoholic beverage operations.
Recent events
- 2011Asahi acquires P&N juice and water brands
Asahi expanded its Australian beverage portfolio by acquiring the juice and water brands of P&N Beverages.
M&A - 2009Cadbury Schweppes separates into independent businesses
The Cadbury Schweppes structure was separated on 27 February 2009, preceding the sale of Schweppes Australia to Asahi Breweries later that year.
M&A - 2009Asahi Breweries acquires Schweppes Australia
Asahi Breweries acquired Schweppes Australia in April 2009, establishing the foundation of its Australian non-alcoholic beverage platform.
M&A
Sources
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