Alaska Milk
Corporation
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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
Type Subsidiary
Traded as PSE: AMC
Industry Dairy products (Milk)
Founded 1972
Founder Wilfred Uytengsu, Sr.
Headquarters Makati, Philippines
Key people Wilfred Steven
Uytengsu, Jr.
(Chairman)
Marco G. Bertacca
(Managing Director)
Jan Wegenaar
(Operations Director)
Products UHT milk, evaporated
milk, condensed milk,
powdered milk, coffee
creamer and all-
purpose cream
Parent FrieslandCampina
Website alaskamilk.com
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 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.
Brands
Alaska
Alpine
Carnation (under license from Nestlé)
Cow Bell
Friso
Krem-Top
Liberty
Milkmaid (under license from Nestlé)
Sports
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
References
1. "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. Archived from the
original (PDF) on 2013-12-03.
Retrieved 2014-02-11.
4. http://www.iuf.org/nestle/2007/04/ne
stle_sells_off_milk_brands_i.html
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 links
Official website
Friso Milk Philippines
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