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Alaska Milk Corporation
File:Alaskamilkcorplogo.jpg
Company type	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
Owner	FrieslandCampina (98.1%).
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.

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.