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]
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.
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
Alaska Tri-Aspire Philippines (triathlon team)
Alaska Power Camp (basketball and football development camps)
Alaska Ironkids Philippines (triathlon series)
Alaska Football Cup (football tournament)
Jr. NBA/Jr. WNBA Philippines[14] (presenting partner)
1 Brand owned by General Mills; Produced by General Mills in the U.S. and Canada. Produced by Cereal Partners under the Nestlé brand elsewhere. 2 Brand owned by General Mills; U.S. and Canadian production rights controlled by Nestlé under license. 3 U.S. production rights owned by The Hershey Company. 4 U.S. rights and production owned by the Smarties Candy Company with a different product. 5 U.S. rights and specific trade dress owned by Nestlé; rights elsewhere owned by Associated British Foods. 6 Produced by Cereal Partners, branded as Nestlé. 7 Brand owned by Post Foods; Produced by Cereal Partners and branded as Nestlé in the U.K. and Ireland. 8 Philippine production rights owned by Alaska Milk Corporation. 9 Singaporean, Malaysian and Thai production rights owned by Fraser and Neave. 10 Used only in Indonesia, Thailand, and Cambodia. 11 Used only in the Philippines. 12 U.S. production rights owned by the Ferrara Candy Company. 13NA rights and specific trade dress to all packaged coffee and other products under the Starbucks brand owned by Nestlé since 2019. 14 Brand owned by Mars, sold by Nestlé in Canada. 15 Produced by Froneri in the U.S. since 2020.
.jpg)
