Alaska Milk Corporation

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Alaska Milk Corporation
Alaska
FormerlyHolland Milk Products, Inc. (1972–1994)
Company type Joint venture (1972–94)
Private (1994–95)
Public (1995–2012)
Subsidiary (since 2012)
PSE: AMC (1995–2012)
Industry Dairy
Founded1972;52 years ago (1972)
FounderWilfred Uytengsu Sr.
Headquarters
Paseo de Roxas, Makati, Metro Manila
,
Philippines
Area served
Philippines
Key people
Products
Parent FrieslandCampina
Website alaskamilk.com

Alaska Milk Corporation (AMC), commonly known as Alaska (stylized in all caps), is a Philippine dairy company headquartered in Makati. It was founded in 1972 by Wilfred Uytengsu Sr. The company is a subsidiary of Dutch dairy cooperative FrieslandCampina, which acquired control (98.1%) of the company from the founding Uytengsu family in 2012. [1]

Contents

The company has no connection to the US state of Alaska. [2]

History

Alaska Milk Corporation facility in San Pedro, Laguna Alaska Milk Corporation (SLEX, San Pedro, Laguna; 12-30-2021).jpg
Alaska Milk Corporation facility in San Pedro, Laguna

Holland Milk Products, Inc. (HOMPI) was established in 1972. 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 of 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. [3]

In 2007, AMC acquired the canned milk business of Nestlé Philippines. The acquisition included the Alpine, Liberty, and Krem-Top trademarks, as well as the trademark licenses (until 2021) [4] for Nestle's Carnation and Milkmaid brands. [5] [6]

In 2012, FrieslandCampina acquired majority control of AMC from the Uytengsu family. [7] 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] [8] Wilfred Steven Uytengsu Jr. remained as president and CEO until the end of 2018. [9] Since 2019, Uytengsu serves as the Chairman of the company.

Brands

Current
Former

Sports

Alaska Aces

The company owned the Philippine Basketball Association (PBA) team, the Alaska Aces, which it established in 1986. On February 16, 2022, AMC announced that the team will leave the PBA at the end of the 2021 Governors' Cup due to a directive by its parent company, FrieslandCampina. [10] Alaska ended their final PBA tournament with a loss to the NLEX Road Warriors in the quarterfinals. [11] Immediately following their final game on March 19, 2022, a brief ceremony was held to mark the Alaska's departure from the PBA. [12] On March 23, 2022, the PBA announced the sale of the Aces to Converge ICT. [13]

Other sports sponsorships

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References

  1. 1 2 "PSE okays Alaska Milk delisting". Philippine Daily Inquirer. October 26, 2012. Retrieved February 11, 2014.
  2. ↑ Hsieh, Jeremy (September 12, 2013). "Why "Alaska" Means Milk And Basketball To Many Filipinos". Alaska Public Media . KTOO-Juneau. Retrieved February 18, 2022.
  3. ↑ "Foreign firm buys out Alaska Milk". Rappler. July 18, 2012. Retrieved February 11, 2014.
  4. ↑ "Nestlé Philippines relaunches Nestlé Carnation and Nestlé Milkmaid". The Manila Times. October 15, 2021. Retrieved October 31, 2021.
  5. ↑ "Alaska Quyarterly Update : Volume 14, Number 1 : 2007" (PDF). Alaskamilk.com.ph. Archived from the original (PDF) on December 3, 2013. Retrieved February 11, 2014.
  6. ↑ Posted by Greenfield on April 19, 2007 05:47 PM (April 19, 2007). "Nestle Union Network: Nestle sells off milk brands in the Philippines; dairy plant in Vietnam". Iuf.org. Archived from the original on May 28, 2018. Retrieved September 29, 2019.{{cite web}}: CS1 maint: numeric names: authors list (link)
  7. ↑ "Alaska Milk Announces Partnership with Campina – Alaska Milk Corporation". Alaskamilk.com. May 30, 2012. Archived from the original on March 7, 2016. Retrieved February 11, 2014.
  8. ↑ Cuevas, Likha (March 9, 2012). "Uytengsus sell controlling stake in Alaska Milk to Royal FrieslandCampina". InterAksyon.com. Archived from the original on December 3, 2013. Retrieved February 11, 2014.
  9. ↑ Galvez, Waylon (October 7, 2018). "Uytengsu retiring but remains Aces head". Manila Bulletin. Retrieved February 21, 2019.
  10. ↑ Catacutan, Dodo (February 16, 2022). "Alaska to bid the PBA goodbye at the end of the conference". spin.ph. Retrieved February 16, 2022.
  11. ↑ Micaller, Bea (March 19, 2022). "NLEX ends road for Alaska, arranges semis showdown vs Ginebra". GMA News. Retrieved March 20, 2022.
  12. ↑ Li, Matthew (March 26, 2022). "PBA presses final buzzer on Alaska". Tiebreaker Times. Retrieved March 20, 2022.
  13. ↑ Co, Chris. "Dennis A. Uy bibilhin ang Alaska franchise?". Philstar.com. Retrieved March 26, 2022.
  14. ↑ "Jr. NBA/ Jr. WNBA all set". The Daily Tribune. January 16, 2016. Archived from the original on January 17, 2016. Retrieved January 16, 2016.

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