Lion Dairy & Drinks drinks to outsell Coca-Cola in its market-place. National Foods also manufactures yoghurt, fromage frais, dairy desserts, cream and cheese under brands that include Yoplait, Frûche, Divine Classic, YoGo and Farmers Union. The company also produces a range of premium speciality cheeses under brands such as King Island Dairy, South Cape, Tilba, Timboon and Clover Creek. San Miguel Corporation entered a bidding war for National Foods with New Zealand's Fonterra in 2004. National Foods board unanimously accepted the San Miguel Corporation offer. In 2005 San Miguel acquired National Foods for $1.8 billion. The Australian Competition and Consumer Commission had earlier signed
Asahi Soft Drinks manufacturing plants were opened: one in Kashiwa, Chiba Prefecture in January 1989, and one in Akashi, Hyōgo Prefecture in January 1990. In February 1990, the canned coffee brand "NOVA" was changed to "J.O.", and Hank Aaron began doing commercials. In September that same year, Asahi Beer Soft Drinks consolidated its western Japan, Tōkai, and Kyūshū subsidiaries into one company called Asahi Beer Soft Drinks. In January 1991, Asahi Beer Soft Drinks took over the drinking water business from the parent company. The company began sales of its blended tea Asahi Jūrokucha, a blend of 16 different teas, in March 1993.