In 2012, Indofood and Asahi Breweries founded two non-alcoholic beverage, joint-ventures in Indonesia under the Indofood Asahi brand umbrella. It had done many acquisitions ever since, including an affiliated local Pepsi bottler Pepsi-Cola Indobeverages and Club brand of mineral water.
The joint-venture ended in 2018 when Indofood acquired the remaining Asahi stakes. The brands later integrated into one large Indofood branding.
Australia & New Zealand: Asahi Premium Beverages, Asahi Lifestyle Beverages, Independent Liquor New Zealand, The Better Drinks Co | Czech Republic: Plzeňský Prazdroj | Japan: Calpis | Malaysia: Etika Holdings
Former subsidiaries: Indonesia: Indofood Asahi