Alaska Milk Corporation (AMC) is a manufacturer of milk products in the Philippines. It is a subsidiary of Dutch dairy cooperative FrieslandCampina, which acquired control (98.1%) of the company from the founding Uytengsu family in 2012.[1]
In 1972, Holland Milk Products, Inc. (HOMPI) was established. 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 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, Inc. 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)
References
^ ab"PSE okays Alaska Milk delisting". Philippine Daily Inquirer. October 26, 2012. Retrieved February 11, 2014.
^Hsieh, Jeremy (September 12, 2013). "Why "Alaska" Means Milk And Basketball To Many Filipinos". Alaska Public Media. KTOO-Juneau. Retrieved February 18, 2022.
^"Foreign firm buys out Alaska Milk". Rappler. July 18, 2012. Retrieved February 11, 2014.
^"Nestlé Philippines relaunches Nestlé Carnation and Nestlé Milkmaid". The Manila Times. October 15, 2021. Retrieved October 31, 2021.
^(PDF). Alaskamilk.com.ph. Archived from the original (PDF) on December 3, 2013. Retrieved February 11, 2014.
^Posted by Greenfield on April 19, 2007 05:47 PM (April 19, 2007). . Iuf.org. Archived from the original on May 28, 2018. Retrieved September 29, 2019.
^. Alaskamilk.com. May 30, 2012. Archived from the original on March 7, 2016. Retrieved February 11, 2014.
^Cuevas, Likha (March 9, 2012). . InterAksyon.com. Archived from the original on December 3, 2013. Retrieved February 11, 2014.
^Galvez, Waylon (October 7, 2018). "Uytengsu retiring but remains Aces head". Manila Bulletin. Retrieved February 21, 2019.
^Catacutan, Dodo (February 16, 2022). "Alaska to bid the PBA goodbye at the end of the conference". spin.ph. Retrieved February 16, 2022.
^Micaller, Bea (March 19, 2022). "NLEX ends road for Alaska, arranges semis showdown vs Ginebra". GMA News. Retrieved March 20, 2022.
^Li, Matthew (March 26, 2022). "PBA presses final buzzer on Alaska". Tiebreaker Times. Retrieved March 20, 2022.
^Co, Chris. "Dennis A. Uy bibilhin ang Alaska franchise?". Philstar.com. Retrieved March 26, 2022.
^"Jr. NBA/ Jr. WNBA all set". The Daily Tribune. January 16, 2016. Retrieved January 16, 2016.
External links
Official website
This article incorporates text available under the CC BY-SA 1.0 license.
April 24, 2023
alaska, milk, corporation, manufacturer, milk, products, philippines, subsidiary, dutch, dairy, cooperative, frieslandcampina, which, acquired, control, company, from, founding, uytengsu, family, 2012, typesubsidiaryindustrydairy, products, milk, founded1972, . Alaska Milk Corporation AMC is a manufacturer of milk products in the Philippines It is a subsidiary of Dutch dairy cooperative FrieslandCampina which acquired control 98 1 of the company from the founding Uytengsu family in 2012 1 Alaska Milk CorporationTypeSubsidiaryIndustryDairy products milk Founded1972 51 years ago 1972 FounderWilfred Uytengsu Sr HeadquartersMakati PhilippinesKey peopleWilfred Steven Uytengsu Jr chairman Marco G Bertacca managing director Jan Wegenaar operations director ProductsAll purpose creamCoffee creamerCondensed milkEvaporated milkPowdered milkUHT milkParentFrieslandCampinaWebsitealaskamilk comThe company has no connection to the US state of Alaska 2 Contents 1 History 2 Brands 3 Sports 3 1 Alaska Aces 3 2 Other sports sponsorships 4 References 5 External linksHistory Edit Alaska Milk Corporation facility in San Pedro Laguna In 1972 Holland Milk Products Inc HOMPI was established 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 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 Nestle Philippines Inc 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 Brands EditCurrentAlaska Alpine Cow Bell Friso Krem Top LibertyFormerCarnation 2007 2021 Milkmaid 2007 2021 Sports EditAlaska Aces Edit 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 Edit 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 References Edit a b PSE okays Alaska Milk delisting Philippine Daily Inquirer October 26 2012 Retrieved February 11 2014 Hsieh Jeremy September 12 2013 Why Alaska Means Milk And Basketball To Many Filipinos Alaska Public Media KTOO Juneau Retrieved February 18 2022 Foreign firm buys out Alaska Milk Rappler July 18 2012 Retrieved February 11 2014 Nestle Philippines relaunches Nestle Carnation and Nestle Milkmaid The Manila Times October 15 2021 Retrieved October 31 2021 Alaska Quyarterly Update Volume 14 Number 1 2007 PDF Alaskamilk com ph Archived from the original PDF on December 3 2013 Retrieved February 11 2014 Posted by Greenfield on April 19 2007 05 47 PM April 19 2007 Nestle Union Network Nestle sells off milk brands in the Philippines dairy plant in Vietnam Iuf org Archived from the original on May 28 2018 Retrieved September 29 2019 Alaska Milk Announces Partnership with Campina Alaska Milk Corporation Alaskamilk com May 30 2012 Archived from the original on March 7 2016 Retrieved February 11 2014 Cuevas Likha March 9 2012 Uytengsus sell controlling stake in Alaska Milk to Royal FrieslandCampina InterAksyon com Archived from the original on December 3 2013 Retrieved February 11 2014 Galvez Waylon October 7 2018 Uytengsu retiring but remains Aces head Manila Bulletin Retrieved February 21 2019 Catacutan Dodo February 16 2022 Alaska to bid the PBA goodbye at the end of the conference spin ph Retrieved February 16 2022 Micaller Bea March 19 2022 NLEX ends road for Alaska arranges semis showdown vs Ginebra GMA News Retrieved March 20 2022 Li Matthew March 26 2022 PBA presses final buzzer on Alaska Tiebreaker Times Retrieved March 20 2022 Co Chris Dennis A Uy bibilhin ang Alaska franchise Philstar com Retrieved March 26 2022 Jr NBA Jr WNBA all set The Daily Tribune January 16 2016 Retrieved January 16 2016 External links EditOfficial website Friso Milk Philippines This article incorporates text available under the CC BY SA 1 0 license Retrieved from https en wikipedia org w index php title Alaska Milk Corporation amp oldid 1144933666, wikipedia, wiki, book, books, library,
