Alaska Milk Corporation (AMC) is a manufacturer of milk products in the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

. It is a subsidiary of

Dutch Dutch commonly refers to: * Something of, from, or related to the Netherlands * Dutch people () * Dutch language () Dutch may also refer to: Places * Dutch, West Virginia, a community in the United States * Pennsylvania Dutch Country People E ...

dairy cooperative

FrieslandCampina Royal FrieslandCampina N.V. is a Dutch multinational dairy cooperative which is based in Amersfoort, Netherlands. It is the result of a merger between Friesland Foods and Campina on 30 December 2008. The European Commission approved this merger ...

, 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 sove ...

Alaska Alaska ( ; russian: Аляска, Alyaska; ale, Alax̂sxax̂; ; ems, Alas'kaaq; Yup'ik: ''Alaskaq''; tli, Anáaski) is a state located in the Western United States on the northwest extremity of North America. A semi-exclave of the U ...

History

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

). 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 where about 60% of the water has been removed from fresh milk. It differs from sweetened condensed milk, which contains adde ...

and

condensed milk Condensed milk is 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'' (SCM), to the extent that the terms "condensed milk" and "sweetened condense ...

). 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 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 Listed may refer to: * Listed, Bornholm, a fishing village on the Danish island of Bornholm * Listed (MMM program), a television show on MuchMoreMusic * Endangered species in biology * Listed building, in architecture, designation of a historicall ...

in the

Philippine Stock Exchange The Philippine Stock Exchange, Inc. ( fil, Pamilihang Sapi ng Pilipinas; ) 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. Includin ...

(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 Nestlé S.A. (; ; ) is a Switzerland, Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest publicly held food company in the world, measured by revenue and other me ...

Philippines, Inc. 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 the carnation or clove pink, is a species of ''Dianthus''. It is likely native to the Mediterranean region but its exact range is unknown due to extensive cultivation for the last 2,000 years.Med ...

and Milkmaid brands. In 2012,

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 officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, su ...

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,

. 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 NLEX Corporation, a subsidiary of Metro Pacific Investments Corporation, currently playing in the Philippine Basketball Association (PBA) since the 2014–2015 season. The Roa ...

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., commonly referred to 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 ...

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 (presenting partner)

References

External links

*
Friso Milk Philippines
{{DEFAULTSORT:Alaska Milk Corporation Companies listed on the Philippine Stock Exchange FrieslandCampina subsidiaries Dairy products companies of the Philippines Drink companies of the Philippines Food and drink companies established in 1972 Companies based in Makati Philippine companies established in 1972 Philippine brands Philippine subsidiaries of foreign companies 2012 mergers and acquisitions