Alaska Milk Corporation: Difference between revisions

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	\| equity =		\| equity =
	\| num_employees =		\| num_employees =
			\| owner = ] <small>(98.1%)</small>
	\| owner = ] <small>(98.1%)</small>.<ref name="inquirer1">{{cite web\|url=http://business.inquirer.net/89464/pse-okays-alaska-milk-delisting \|title=PSE okays Alaska Milk delisting \| Inquirer Business \|publisher=Business.inquirer.net \|date=2012-10-26 \|accessdate=2014-02-11}}</ref>
	\| subsid =		\| subsid =
	\| homepage =		\| homepage =
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	'''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 ].		'''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.		In 2012, ] dairy cooperative ] acquired control (98.1%) of the company from the founding Uytengsu family.<ref name="inquirer1">{{cite web\|url=http://business.inquirer.net/89464/pse-okays-alaska-milk-delisting \|title=PSE okays Alaska Milk delisting \| Inquirer Business \|publisher=Business.inquirer.net \|date=2012-10-26 \|accessdate=2014-02-11}}</ref>

	==History==		==History==
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	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>{{cite web\|author= \|url=http://www.rappler.com/business/2285-foreign-firm-buys-out-alaska-milk \|title=Foreign firm buys out Alaska Milk \|publisher=Rappler.com \|date=2012-07-18 \|accessdate=2014-02-11}}</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>{{cite web\|author= \|url=http://www.rappler.com/business/2285-foreign-firm-buys-out-alaska-milk \|title=Foreign firm buys out Alaska Milk \|publisher=Rappler.com \|date=2012-07-18 \|accessdate=2014-02-11}}</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>{{cite web\|url=http://www.alaskamilk.com.ph/inv/Q1-2007.pdf \|title=Alaska Quyarterly Update : Volume 14, Number 1 : 2007 \|publisher=Alaskamilk.com.ph \|accessdate=2014-02-11}}</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>{{cite web\|url=http://www.alaskamilk.com.ph/inv/Q1-2007.pdf \|title=Alaska Quyarterly Update : Volume 14, Number 1 : 2007 \|publisher=Alaskamilk.com.ph \|accessdate=2014-02-11}}</ref><ref>http://www.iuf.org/nestle/2007/04/nestle_sells_off_milk_brands_i.html</ref>

	In 2012, ] acquired majority control of AMC from the Uytengsu family.<ref>{{cite web\|url=http://www.alaskamilk.com/v2/news/alaska-milk-announces-partnership-with-campina/ \|title=Alaska Milk Announces Partnership with Campina - Alaska Milk Corporation \|publisher=Alaskamilk.com \|date=2012-05-30 \|accessdate=2014-02-11}}</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>{{cite web\|last=Cuevas \|first=Likha \|url=http://www.interaksyon.com/business/26432/uytengsus-sell-controlling-stake-in-alaska-milk-to-royal-frieslandcampina \|title=Uytengsus sell controlling stake in Alaska Milk to Royal FrieslandCampina \|publisher=InterAksyon.com \|date=2012-03-09 \|accessdate=2014-02-11}}</ref><ref name="inquirer1"/> Wilfred Steven Uytengsu Jr. remains as President and CEO.		In 2012, ] acquired majority control of AMC from the Uytengsu family.<ref>{{cite web\|url=http://www.alaskamilk.com/v2/news/alaska-milk-announces-partnership-with-campina/ \|title=Alaska Milk Announces Partnership with Campina - Alaska Milk Corporation \|publisher=Alaskamilk.com \|date=2012-05-30 \|accessdate=2014-02-11}}</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>{{cite web\|last=Cuevas \|first=Likha \|url=http://www.interaksyon.com/business/26432/uytengsus-sell-controlling-stake-in-alaska-milk-to-royal-frieslandcampina \|title=Uytengsus sell controlling stake in Alaska Milk to Royal FrieslandCampina \|publisher=InterAksyon.com \|date=2012-03-09 \|accessdate=2014-02-11}}</ref><ref name="inquirer1"/> Wilfred Steven Uytengsu Jr. remains as President and CEO.

	==Products==		==Products==
			{{col-beg}}
	===Alaska-branded products===
			{{col-3}}
	====Evaporated and condensed milk====
			Canned milk:
	* Alaska Evaporated Filled Milk		* Alaska Evaporated Filled Milk
	* Alaska Sweetened Condensed Filled Milk		* Alaska Sweetened Condensed Filled Milk

			Canned creamer:
	====Evaporated and condensed creamer====
	* Alaska Condensada		* Alaska Condensada
	* Alaska Evaporada		* Alaska Evaporada

	~~====~~Powdered milk~~====~~		Powdered milk:
	* Alaska Chocolate Powdered Milk Drink		* Alaska Chocolate Powdered Milk Drink
	* Alaska Instant Powdered Milk Drink		* Alaska Instant Powdered Milk Drink

			UHT milk:
	====Ready to drink milk====
	* Alaska Choco		* Alaska Choco
	* Alaska Fresh Milk		* Alaska Fresh Milk
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	* Alaska Sweet Milk		* Alaska Sweet Milk
	* Alaska Yoghurt Drink		* Alaska Yoghurt Drink
			{{col-3}}

	~~====~~All-purpose cream~~====~~		All-purpose cream:
	* Alaska		* Alaska

	~~====~~Coffee creamer~~====~~		Coffee creamer:
	* Alaska Krem Top Coffee Creamer		* Alaska Krem Top Coffee Creamer

	~~====~~Nutritionals~~====~~		Nutritionals:
	* Alaska Nutri Build 345		* Alaska Nutri Build 345
			{{col-3}}

	~~===~~Other brands~~===~~		Other brands:
			* Alpine Sterilized
	* Alpine Sterelized - under license from Nestle Philippines, Inc.
	* ] - under license from ] Philippines, Inc.
	* Cow Bell		* Cow Bell
	* Liberty		* Liberty
	* ~~Milkmaid~~ - under license ~~from ] Philippines, Inc.~~		* ] - under license
			* Milkmaid - under license
			*:''Alpine and Liberty are brands formerly owned by ] Philippines, Inc. and sold to Alaska Milk Corporation (AMC), while Carnation and Milkmaid remain owned by ] Philippines, Inc. and are licensed to AMC''.<ref>http://www.iuf.org/nestle/2007/04/nestle_sells_off_milk_brands_i.html</ref>
			{{col-end}}

	==Sports==		==Sports==

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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.

Products

Canned milk:

Alaska Evaporated Filled Milk
Alaska Sweetened Condensed Filled Milk

Canned creamer:

Alaska Condensada
Alaska Evaporada

Powdered milk:

Alaska Chocolate Powdered Milk Drink
Alaska Instant Powdered Milk Drink

UHT 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

Coffee creamer:

Alaska Krem Top Coffee Creamer

Nutritionals:

Alaska Nutri Build 345

Other brands:

Alpine Sterilized
Cow Bell
Liberty
Carnation - under license
Milkmaid - under license
Alpine and Liberty are brands formerly owned by Nestlé Philippines, Inc. and sold to Alaska Milk Corporation (AMC), while Carnation and Milkmaid remain owned by Nestlé Philippines, Inc. and are licensed to AMC.