Alaska Milk Corporation

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Alaska Milk Corporation
Subsidiary
Industry Dairy products (Milk)
Founded 1972
Founder Wilfred Uytengsu, Sr.
Headquarters Makati, Philippines
Key people
Products UHT milk, evaporated milk, condensed milk, powdered milk, coffee creamer and all-purpose cream
Parent FrieslandCampina
Website www.alaskamilk.com

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.

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

History[edit]

In 1972, Holland Milk Products, Inc. (HOMPI) was established. It was a joint venture between AMC’s former parent company, 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 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. remains as President and CEO.

In 2016, Friso powdered milk was introduced in the Philippines.

Brands[edit]

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

Sports[edit]

  • Alaska Aces (PBA basketball team)
  • Alaska teamTBB Philippines (triathlon team)
  • Alaska Power Camp (basketball and football development camps)
  • Alaska Ironkids Philippines (triathlon series)
  • Jr. NBA/Jr. WNBA Philippines (youth basketball development program, on its 9th year)[7] - under license from NBA/WNBA

References[edit]

  1. ^ a b "PSE okays Alaska Milk delisting | Inquirer Business". Business.inquirer.net. 2012-10-26. Retrieved 2014-02-11. 
  2. ^ "Foreign firm buys out Alaska Milk". Rappler.com. 2012-07-18. Retrieved 2014-02-11. 
  3. ^ "Alaska Quyarterly Update : Volume 14, Number 1 : 2007" (PDF). Alaskamilk.com.ph. Retrieved 2014-02-11. 
  4. ^ http://www.iuf.org/nestle/2007/04/nestle_sells_off_milk_brands_i.html
  5. ^ "Alaska Milk Announces Partnership with Campina - Alaska Milk Corporation". Alaskamilk.com. 2012-05-30. Retrieved 2014-02-11. 
  6. ^ Cuevas, Likha (2012-03-09). "Uytengsus sell controlling stake in Alaska Milk to Royal FrieslandCampina". InterAksyon.com. Retrieved 2014-02-11. 
  7. ^ "Jr. NBA/ Jr. WNBA all set". The Daily Tribune. January 16, 2016. Retrieved January 16, 2016. 

External links[edit]

 This article incorporates text available under the CC BY-SA 1.0 license.