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2012–2018[]

Indofood Asahi

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.