Alaska Milk Corporation (AMC; formerly Holland Milk Products, Inc.), commonly known as Alaska (stylized in

all caps In typography, text or font in all caps (short for "all capitals") contains capital letters without any lowercase letters. For example: All-caps text can be seen in legal documents, advertisements, newspaper headlines, and the titles on book co ...

), is a Philippine dairy company headquartered in

Makati Makati ( ; ), officially the City of Makati (), is a highly urbanized city in the National Capital Region of the Philippines, known for being one of the leading financial centers in the country. As of 2013, the city has the highest concent ...

. It was founded in 1972 by Wilfred Uytengsu Sr. and George K. Young. The company is a subsidiary of Dutch dairy cooperative FrieslandCampina, which acquired control (98.1%) of the company from the founding Uytengsu family in 2012. The company has no connection to the

US state In the United States, a state is a constituent political entity, of which there are 50. Bound together in a political union, each state holds governmental jurisdiction over a separate and defined geographic territory where it shares its so ...

Alaska Alaska ( ) is a non-contiguous U.S. state on the northwest extremity of North America. Part of the Western United States region, it is one of the two non-contiguous U.S. states, alongside Hawaii. Alaska is also considered to be the north ...

History

Holland Milk Products, Inc. (HOMPI) was established in 1969 by Wilfred Uytengsu Sr. and George K. Young. It was a joint venture between General Milling Corporation (GMC) and Holland Canned Milk International B.V. (now FrieslandCampina), with HOMPI's first plant in San Pedro, Laguna commencing operations in September 1972. HOMPI initially manufactured canned liquid milk (

evaporated milk Evaporated milk, known in some countries as "unsweetened condensed milk", is a shelf-stable canned cow’s milk product for which approximately 60% of the water has been removed from fresh milk. French inventor, Nicolas Appert, the "father of ...

and

condensed milk Condensed milk is Milk#Cow, cow's milk from which water has been removed (roughly 60% of it). It is most often found with sugar added, in the form of sweetened condensed milk, to the extent that the terms "condensed milk" and "sweetened condensed m ...

). It eventually expanded to manufacture

powdered milk Powdered milk, also called milk powder, dried milk, or dry milk, is a manufactured dairy product made by evaporating milk to dryness. One purpose of drying milk is to preserve it; milk powder has a far longer shelf life than liquid milk and do ...

and UHT milk. In 1975, Marikina Dairy Industries, Inc. became a shareholder of HOMPI, and by 1978 was itself acquired by HOMPI from the Australian Dairy Corporation. In 1994, HOMPI was spun off from GMC and incorporated as Alaska Milk Corporation (AMC) under the control of Wilfred Uytengsu Sr. Shortly after its incorporation, AMC was listed in the

Philippine Stock Exchange The Philippine Stock Exchange, Inc. (; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Including previous forms, the exchange has ...

(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. In 2007, AMC acquired the canned milk business of Nestlé Philippines. The acquisition included the Alpine, Liberty, and Krem-Top trademarks, as well as the trademark licenses (until 2021) for Nestle's

Carnation ''Dianthus caryophyllus'' ( ), commonly known as carnation or clove pink, is a species of ''Dianthus'' native to the Mediterranean Basin, Mediterranean region. Its exact natural range is uncertain due to extensive cultivation over the last 2,00 ...

and Milkmaid brands. In 2012, FrieslandCampina acquired majority control of AMC from the Uytengsu family. On November 5, 2012, AMC was

delisted In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. ...

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. remained as president and CEO until the end of 2018. Since 2019, Uytengsu serves as the Chairman of the company.

Brands

;Current * Alaska * Alpine * Cow Bell * Friso * Krem-Top * Liberty ;Former *

(2007–2021) * Milkmaid (2007–2021)

Sports

Alaska Aces

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. Alaska ended their final PBA tournament with a loss to the

NLEX Road Warriors The NLEX Road Warriors is a professional basketball team owned by Manila North Tollways Corporation, NLEX Corporation, a subsidiary of Metro Pacific Investments Corporation, playing in the Philippine Basketball Association (PBA) since the 2014 ...

in the quarterfinals. Immediately following their final game on March 19, 2022, a brief ceremony was held to mark the Alaska's departure from the PBA. On March 23, 2022, the PBA announced the sale of the Aces to

Converge ICT Converge ICT Solutions Inc., doing business as Converge (also known as ComClark in Pampanga), is a telecommunication service provider in the Philippines. It operates fiber optic broadband networks, Internet Protocol television (marketed as Co ...

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 The National Basketball Association (NBA) is a professional basketball league in North America composed of 30 teams (29 in the United States and 1 in Canada). The NBA is one of the major professional sports leagues in the United States and Ca ...

/Jr. WNBA Philippines (presenting partner)

References

External links

*
Friso Milk Philippines
{{CC-notice, cc=bysa3, url=http://en.wikipilipinas.org/index.php?title=Alaska_Milk_Corporation 2012 mergers and acquisitions Brand name dairy products Companies based in Makati Companies formerly listed on the Philippine Stock Exchange Dairy products companies of the Philippines Drink companies of the Philippines Food and drink companies established in 1972 Former joint ventures FrieslandCampina brands FrieslandCampina subsidiaries Philippine brands Philippine companies established in 1972 Philippine subsidiaries of foreign companies Yogurt companies