Alaska Milk Corporation: Difference between revisions

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	\| location_city = 6/F Corinthian Plaza 121 Paseo de Roxas Avenue, ]		\| location_city = 6/F Corinthian Plaza 121 Paseo de Roxas Avenue, ]
	\| location_country = ]		\| location_country = ]
	\| key_people =		\| key_people = Wilfred Steven Uytengsu, Jr.
	\| industry = ] (])		\| industry = ] (])
	\| products = Fresh milk, evaporated milk, condensed milk, powdered milk, coffee creamer and all-purpose cream		\| products = Fresh milk, evaporated milk, condensed milk, powdered milk, coffee creamer and all-purpose cream
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	\| equity =		\| equity =
	\| num_employees =		\| num_employees =
			\| owner = ] <small>(98.1%)</small>.<ref> http://business.inquirer.net/89464/pse-okays-alaska-milk-delisting</ref>
	\| owner = ] <small>(68.9%)</small><ref>{{cite news\|url=http://www.frieslandcampina.com/english/news-and-press/news/press-releases/2012-03-09-dairy-multinational-frieslandcampina-to-purchase-controlling-stake.aspx\|title=Dairy multinational FrieslandCampina to purchase controlling stake in the Philippines’ Alaska Milk Corporation\|language=]\|publisher=]\|date=March 9, 2012\|accessdate=January 5, 2013}}</ref>
	\| subsid =		\| subsid =
	\| homepage =		\| homepage =
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	'''Alaska Milk Corporation''' ('''AMC''') is one of the leading manufacturers of milk products in the ]. Its milk products are sold under the Alaska brand and is also the parent company of the ] team, ]. Alaska Milk Corporation is also listed in the Philippine Stock Exchange. As of December 13, 2010, the company has a total market capitalization of P11.9 billion and share price of P13.50.		'''Alaska Milk Corporation''' ('''AMC''') is one of the leading manufacturers of milk products in the ]. Its milk products are sold under the Alaska brand and is also the parent company of the ] team, ]. Alaska Milk Corporation is also listed in the Philippine Stock Exchange. As of December 13, 2010, the company has a total market capitalization of P11.9 billion and share price of P13.50.

	==~~Company profile~~==		==History==
			In 1972, Holland Milk Products, Inc. (HOMPI) was established. HOMPI was a joint venture between between AMC’s former parent company, General Milling Corporation (GMC), and Holland Canned Milk International B.V. (now ]). HOMPI initially manufactured liquid canned filled milk products, (evaporated and sweetened condensed milk) and eventually expanded to manufacture powdered filled milk and UHT milk products division up.
	Alaska Milk Corporation was incorporated in 1994. However, long before that, operations have already started as early as 1972 through a Holland Milk Products, Incorporated. Holland Milk was a joint venture between Holland Canned Milk International B.V. and General Milling Corporation, another company founded by Wilfred Steven Uytengsu, Sr.. General Milling has interest in flour, feeds and soy bean milling.

	Holland Milk initially just produced canned evaporated and condensed milk and UHT ready to drink milk. But in the 1980S, the company started producing powder-filled milk under the Alaska brand. Because of the rapid growth of the company’s milk business, management decided to spin-off milk production as an independent entity and incorporated it as Alaska Milk Corporation in 1994. A year later, its shares were listed in the Philippine Stock Exchange under the stock symbol AMC.
			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 ] (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.<ref> http://www.rappler.com/business/2285-foreign-firm-buys-out-alaska-milk</ref>

			In 2007, AMC acquired the canned milk business of ] Philippines, Inc. The acquisition included the Alpine, Liberty and Krem Top trademarks, as well as the trademark license for Nestle’s ] and Milkmaid brands.<ref>http://www.alaskamilk.com.ph/inv/Q1-2007.pdf</ref>

			In 2012, ] acquired majority control of AMC from the Uytengsu family.<ref>http://www.alaskamilk.com/v2/news/alaska-milk-announces-partnership-with-campina/</ref> On November 5, 2012, AMC was delisted from the PSE after FrieslandCampina completed its tender offering for 98.1% ownership of AMC.<ref> http://business.inquirer.net/89464/pse-okays-alaska-milk-delisting</ref>

	When AMC reorganized its distribution operations and networks, Nabisco International and Quaker Oats, Incorporated tapped the company to be its exclusive distributor of Nabisco and Quaker Oats products. The agreement was terminated in 2001 when Philip Morris and Pepsi Company acquired Nabisco International and Quaker Oats, Incorporated, respectively.

	==Flagship brands==		==Flagship brands==
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	===Other brands===		===Other brands===
	Brands are manufactured by this company, under license from ]:
	* Alpine		* Alpine
			* ] - under license from ] Philippines, Inc.
	* Carnation
	* Cow Bell		* Cow Bell
	* Liberty		* Liberty
			* Milkmaid - under license from ] Philippines, Inc.
	* Milkmaid

	==Other developments==		==Other developments==
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	AMC also distributes other foreign brands. In 2005, it has signed an agreement with Kellogg’s Asia Marketing, Inc. to distribute Kellogg’s ready-to-eat cereals; and Hersheys Food Corporation for the Hershey UHT chocolate milk drink from 2003 to 2007.		AMC also distributes other foreign brands. In 2005, it has signed an agreement with Kellogg’s Asia Marketing, Inc. to distribute Kellogg’s ready-to-eat cereals; and Hersheys Food Corporation for the Hershey UHT chocolate milk drink from 2003 to 2007.


	==Alaska Aces==
			==Sports==
	{{Main\|Alaska Aces (PBA)}}
			*] (professional basketball team)
	AMC CEO Wilfred Uytengsu, Jr. was only 23 years old when his father asked him to do a feasibility study on putting up a basketball team. The Alaska team debuted in 1986 with some of the holdovers from the Magnolia Team. But it was only in 1991 did the Alaska team win its first championship. To date, Alaska is one of the winningest team in the league with a total of 14 titles (six Governor's Cup and Inivitational Championship, three All-Filipino Cup Championship, three Commissioner's Cup Championship and two Fiesta Cup Championship). In September 2010, the Alaska franchise celebrated its 25 years in league and paid tribute to its players.
			*Alaska teamTBB Philippines (triathlon team)
			*Alaska Power Camp (basketball and football development camps)
			*Alaska Ironkids Philippines (triathlon series)


	==References==		==References==

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Alaska Milk Corporation
Company type	Milk company
Industry	Dairy products (Milk)
Founded	1972
Headquarters	6/F Corinthian Plaza 121 Paseo de Roxas Avenue, Makati City, Philippines
Key people	Wilfred Steven Uytengsu, Jr.
Products	Fresh milk, evaporated milk, condensed milk, powdered milk, coffee creamer and all-purpose cream
Owner	FrieslandCampina (98.1%).
Website	www.alaskamilk.com

Alaska Milk Corporation (AMC) is one of the leading manufacturers of milk products in the Philippines. Its milk products are sold under the Alaska brand and is also the parent company of the Philippine Basketball Association (PBA) team, Alaska Aces. Alaska Milk Corporation is also listed in the Philippine Stock Exchange. As of December 13, 2010, the company has a total market capitalization of P11.9 billion and share price of P13.50.

History

In 1972, Holland Milk Products, Inc. (HOMPI) was established. HOMPI was a joint venture between between AMC’s former parent company, General Milling Corporation (GMC), and Holland Canned Milk International B.V. (now FrieslandCampina). HOMPI initially manufactured liquid canned filled milk products, (evaporated and sweetened condensed milk) and eventually expanded to manufacture powdered filled milk and UHT milk products division up.

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.

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.

In 2012, FrieslandCampina acquired majority control of AMC from the Uytengsu family. On November 5, 2012, AMC was delisted from the PSE after FrieslandCampina completed its tender offering for 98.1% ownership of AMC.

Flagship brands

Alaska-branded products

Evaporated and Condensed Milk

Alaska Evaporated Filled Milk
Alaska Sweetened Condensed Filled Milk

Evaporated and Condensed Creamer

Alaska Condensada
Alaska Evaporada

Powdered Milk

Alaska Chocolate Powdered Milk Drink
Alaska Instant Powdered Milk Drink

Ready to Drink Milk

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

All-Purpose Cream

Alaska Crema

Coffee Creamer

Alaska Krem Top Coffee Creamer

Nutritionals

Alaska Nutri Build 345

Other brands

Alpine
Carnation - under license from Nestlé Philippines, Inc.
Cow Bell
Liberty
Milkmaid - under license from Nestlé Philippines, Inc.

Other developments

Following the termination of the distribution agreement, AMC introduced an evaporated creamer and a UHT All-Purpose Cream, Alaska Crema in 2003. The former was to complete the value line of liquid canned milk while the latter is to complete the line of cooking milk.

In 2007, AMC acquired international milk brands of Société Des Produits Nestlé S.A., which included Alpine, Liberty and Krem-Top brands. With these deals, AMC accounted nearly 80% of the liquid milk market. A year later, AMC introduced Alaska Yoghurt Drink and Cowbell Condensada. Cowbell Condensada is marketed towards lower-income consumers who have become price sensitive.

AMC also distributes other foreign brands. In 2005, it has signed an agreement with Kellogg’s Asia Marketing, Inc. to distribute Kellogg’s ready-to-eat cereals; and Hersheys Food Corporation for the Hershey UHT chocolate milk drink from 2003 to 2007.

Sports

Alaska Aces (professional basketball team)
Alaska teamTBB Philippines (triathlon team)
Alaska Power Camp (basketball and football development camps)
Alaska Ironkids Philippines (triathlon series)

References

External links

Official website

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