Alaska Milk Corporation
 | |
| Subsidiary | |
| Industry | Dairy products (Milk) |
| Founded | 1972 |
| Founder | Wilfred Uytengsu, Sr. |
| Headquarters | Makati, Philippines |
Key people |
Wilfred Steven Uytengsu, Jr. (President & CEO) |
| Products | UHT milk, evaporated milk, condensed milk, powdered milk, coffee creamer and all-purpose cream |
| Parent | FrieslandCampina |
| Website |
www |
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
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, Alaska Milk with Royal FrieslandCampina provides consumers in the Philippines with Friso powdered milk for kids and pregnant women. FrieslandCampina organises its activities into four business groups: Consumer Products Europe, Consumer Products International, Cheese & Butter and Ingredients. The product range consists of consumer milk, milk in powder and concentrated form, dairy drinks, yoghurts, desserts, cream, coffee creamers, baby and infant food, cheese, butter and ingredient.
Sports
- 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]
References
- 1 2 "PSE okays Alaska Milk delisting | Inquirer Business". Business.inquirer.net. 2012-10-26. Retrieved 2014-02-11.
- ↑ "Foreign firm buys out Alaska Milk". Rappler.com. 2012-07-18. Retrieved 2014-02-11.
- ↑ "Alaska Quyarterly Update : Volume 14, Number 1 : 2007" (PDF). Alaskamilk.com.ph. Retrieved 2014-02-11.
- ↑ http://www.iuf.org/nestle/2007/04/nestle_sells_off_milk_brands_i.html
- ↑ "Alaska Milk Announces Partnership with Campina - Alaska Milk Corporation". Alaskamilk.com. 2012-05-30. Retrieved 2014-02-11.
- ↑ Cuevas, Likha (2012-03-09). "Uytengsus sell controlling stake in Alaska Milk to Royal FrieslandCampina". InterAksyon.com. Retrieved 2014-02-11.
- ↑ "Jr. NBA/ Jr. WNBA all set". The Daily Tribune. January 16, 2016. Retrieved January 16, 2016.
External links
This article incorporates text available under the CC BY-SA 1.0 license.