Alaska Milk Corporation

Alaska Milk Corporation
Subsidiary
Industry Dairy products (Milk)
Founded 1972
Founder Wilfred Uytengsu, Sr. †
Headquarters 6/F Corinthian Plaza 121 Paseo de Roxas Avenue Cor. Gamboa Sts Legaspi Village, Makati City, 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.alaskamilk.com

Alaska Milk Corporation (AMC) is the leading 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., the 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.[6][1] Wilfred Steven Uytengsu Jr. remains as President and CEO.

Products

Canned milk:

  • Alaska Evaporated Filled Milk
  • Alaska Sweetened Condensed Filled Milk

Canned creamer:

  • Alaska Condensada
  • Alaska Evaporada

Powdered milk:

  • Alaska Chocolate Powdered Milk Drink
  • Alaska Instant Powdered Milk Drink

UHT milk:

  • Alaska Choco
  • Alaska Fresh Milk
  • Alaska Hi-Calcium Non-Fat Milk
  • Alaska Slim Milk
  • Alaska Sweet Milk
  • Alaska Yoghurt Drink
  • Alphine Sterilized

All-purpose cream:

  • Alaska

Coffee creamer:

  • Alaska Krem Top Coffee Creamer

Nutritionals:

  • Alaska Nutri Build 345

Other brands:

  • Alpine Sterilized
  • Cow Bell
  • Liberty
  • Carnation - under license
  • Milkmaid - under license
    Alpine and Liberty are brands formerly owned by Nestlé Philippines, Inc. and sold to Alaska Milk Corporation (AMC), while Carnation and Milkmaid remain owned by Nestlé Philippines, Inc. and are licensed to AMC.[7]

Sports

References

  1. ↑ 1.0 1.1 "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. 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. ↑ http://www.iuf.org/nestle/2007/04/nestle_sells_off_milk_brands_i.html

External links

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