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| slogan = ''Wala pa ring tatalo sa Alaska'' | slogan = ''Wala pa ring tatalo sa Alaska''
| foundation = 1972 | foundation = 1972
| founder = | founder = Wilfred Uytengsu, Sr. †
| 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 = Wilfred Steven Uytengsu, Jr. | key_people = Wilfred Steven Uytengsu, Jr.<br>(President & CEO)<br>
| industry = ] (]) | industry = ] (])
| products = Fresh milk, evaporated milk, condensed milk, powdered milk, coffee creamer and all-purpose cream | products = ], ], ], ], ] and ]
| revenue = | revenue =
| net_income = | net_income =
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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 the leading manufacturer of milk products in the ]. Its products are sold under the Alaska brand. The company also owns the ] team, the ].

In 2012, ] dairy cooperative ] acquired control (98.1%) of the company from the founding Uytengsu family.


==History== ==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. In 1972, Holland Milk Products, Inc. (HOMPI) was established. It 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 canned liquid milk (] and ]). It eventually expanded to manufacture ] and ].


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. 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 ] 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> 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>
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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 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> 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 ] 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.<ref>http://www.interaksyon.com/business/26432/uytengsus-sell-controlling-stake-in-alaska-milk-to-royal-frieslandcampina</ref><ref> http://business.inquirer.net/89464/pse-okays-alaska-milk-delisting</ref> Wilfred Steven Uytengsu Jr. remains as President and CEO.




==Flagship brands== ==Products==


===Alaska-branded products=== ===Alaska-branded products===
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* Liberty * Liberty
* Milkmaid - under license from ] Philippines, Inc. * Milkmaid - under license from ] 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.




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Alaska Milk Corporation
Company typeMilk company
IndustryDairy products (Milk)
Founded1972
FounderWilfred Uytengsu, Sr. †
Headquarters6/F Corinthian Plaza 121 Paseo de Roxas Avenue, Makati City, Philippines
Key peopleWilfred Steven Uytengsu, Jr.
(President & CEO)
ProductsUHT milk, evaporated milk, condensed milk, powdered milk, coffee creamer and all-purpose cream
OwnerFrieslandCampina (98.1%).
Websitewww.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.

History

In 1972, Holland Milk Products, Inc. (HOMPI) was established. It 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 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.

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. Prior to this, FrieslandCampina held an 8.1% interest in AMC. Wilfred Steven Uytengsu Jr. remains as President and CEO.


Products

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.


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

  1. http://business.inquirer.net/89464/pse-okays-alaska-milk-delisting
  2. http://www.rappler.com/business/2285-foreign-firm-buys-out-alaska-milk
  3. http://www.alaskamilk.com.ph/inv/Q1-2007.pdf
  4. http://www.alaskamilk.com/v2/news/alaska-milk-announces-partnership-with-campina/
  5. http://www.interaksyon.com/business/26432/uytengsus-sell-controlling-stake-in-alaska-milk-to-royal-frieslandcampina
  6. http://business.inquirer.net/89464/pse-okays-alaska-milk-delisting

External links

PSE Composite Index companies of the Philippines
Current
Former
Alaska Aces
  • Founded in 1986
  • Disbanded in 2022
  • Owned by Alaska Milk Corporation
  • Formerly known as Alaska Milkmen, Alaska Air Force and Hills Bros. Coffee Kings
Franchise
Administration
Head coaches
Retired numbers
Championships
(14)
Runner-up finishes
(17)
Culture and lore
Seasons (35)
1980s
1986 1987 1988 1989
1990s
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
2000s
2000 2001 2002 2003 2004–05 2005–06 2006–07 2007–08 2008–09
2010s
2009–10 2010–11 2011–12 2012–13 2013–14 2014–15 2015–16 2016–17 2017–18 2019
2020s
2020 2021

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