Alaska Milk Corporation

Alaska Milk Corporation (AMC) is a manufacturer of milk products in the Philippines. Its products are sold under the Alaska brand. The company also owns the Philippine Basketball Association (PBA) team, the Alaska Aces.

Alaska Milk Corporation
Subsidiary
ISINPHY003281078 Edit this on Wikidata
IndustryDairy products (milk)
Founded1972; 48 years ago (1972)
FounderWilfred Uytengsu, Sr.
Headquarters,
Key people
Products
ParentFrieslandCampina – 68.8 %
Websitealaskamilk.com

In 2012, Dutch dairy cooperative FrieslandCampina acquired control (98.1%) of the company from the founding Uytengsu family.[1]

HistoryEdit

In 1972, Holland Milk Products, Inc. (HOMPI) was established. It was a joint venture between General Milling Corporation (GMC) and Holland Canned Milk International B.V. (now FrieslandCampina). HOMPI initially manufactured canned liquid milk (evaporated milk and condensed milk). It eventually expanded to manufacture powdered milk and UHT milk.

In 1994, HOMPI was spun off from GMC and incorporated as Alaska Milk Corporation (AMC) under the control Wilfred T. Uytengsu, Sr. Shortly after its incorporation, AMC was listed in the Philippine Stock Exchange (PSE) in 1995.

Wilfred Steven Uytengsu, Jr., eldest son of Wilfred Sr., assumed the position of president and CEO in 2007. The elder Uytengsu died in April 2010 at the age of 82.[2]

In 2007, AMC acquired the canned milk business of Nestlé Philippines, Inc. The acquisition included the Alpine, Liberty and Krem Top trademarks, as well as the trademark license for Nestle's Carnation and Milkmaid brands.[3][4]

In 2012, FrieslandCampina acquired majority control of AMC from the Uytengsu family.[5] On November 5, 2012, AMC was delisted from the PSE after FrieslandCampina completed its tender offering for 98.1% ownership of AMC. Prior to this, FrieslandCampina held an 8.1% interest in AMC.[1][6] Wilfred Steven Uytengsu Jr. remained as president and CEO until the end of 2018.[7] Since 2019, Uytengsu serves as the Chairman of the company.

BrandsEdit

  • Alaska
  • Alpine
  • Carnation (under license from Nestlé)
  • Cow Bell
  • Friso
  • Krem-Top
  • Liberty
  • Milkmaid (under license from Nestlé)

SportsEdit

  • Alaska Aces (PBA basketball team)
  • Alaska Tri-Aspire Philippines (triathlon team)
  • Alaska Fortified Power Camp (basketball and football development camps)
  • Alaska Fortified Ironkids Philippines (triathlon series)
  • Jr. NBA/Jr. WNBA Philippines Presented by Alaska Fortified (youth basketball development program, on its 9th year)[8] – under license from NBA/WNBA

ReferencesEdit

  1. ^ a b "PSE okays Alaska Milk delisting". Philippine Daily Inquirer. 2012-10-26. Retrieved 2014-02-11.
  2. ^ "Foreign firm buys out Alaska Milk". Rappler. 2012-07-18. Retrieved 2014-02-11.
  3. ^ "Alaska Quyarterly Update : Volume 14, Number 1 : 2007" (PDF). Alaskamilk.com.ph. Archived from the original (PDF) on 2013-12-03. Retrieved 2014-02-11.
  4. ^ Posted by Greenfield on April 19, 2007 05:47 PM (2007-04-19). "Nestle Union Network: Nestle sells off milk brands in the Philippines; dairy plant in Vietnam". Iuf.org. Retrieved 2019-09-29.
  5. ^ "Alaska Milk Announces Partnership with Campina – Alaska Milk Corporation". Alaskamilk.com. 2012-05-30. Archived from the original on 2016-03-07. Retrieved 2014-02-11.
  6. ^ Cuevas, Likha (2012-03-09). "Uytengsus sell controlling stake in Alaska Milk to Royal FrieslandCampina". InterAksyon.com. Archived from the original on 2013-12-03. Retrieved 2014-02-11.
  7. ^ Galvez, Waylon (October 7, 2018). "Uytengsu retiring but remains Aces head". Manila Bulletin. Retrieved February 21, 2019.
  8. ^ "Jr. NBA/ Jr. WNBA all set". The Daily Tribune. January 16, 2016. Retrieved January 16, 2016.

External linksEdit

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