Alaska Milk Corporation

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Alaska Milk Corporation
legal form Corporation
ISIN PHY003281078
founding 1972
Seat Makati City , PhilippinesPhilippinesPhilippines 
management
  • Antonio H. Ozaeta (Chair)
  • Juan B. Santos (Deputy Chairman)
  • Wilfred Steven Uytengsu, Jr. (President and CEO)
Number of employees > 1,000 (2012)
Branch Dairy products
Website www.alaskamilk.com

The Alaska Milk Corporation premises

Alaska Milk Corporation ( AMC ) is a Filipino dairy company based in Makati City . The company also owns Alaska Aces, the Philippine Basketball Association (PBA) team.

In 2012, the Dutch dairy company FrieslandCampina took control (98.1%) of the company from the founding Uytengsu family.

history

Holland Milk Products Inc. (HOMPI) was founded in 1972. It was a joint venture between AMC's former parent company, General Milling Corporation (GMC), and Holland Canned Milk International BV (now FrieslandCampina). HOMPI initially produced liquid canned milk (condensed milk and condensed milk). Eventually it expanded to make powdered milk and UHT milk.

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 inception, AMC was listed on 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, the company acquired Nestlé Philippines' canned milk business . The takeover included the Alpine, Liberty and Krem Top brands as well as the brand license for the Carnation and Milkmaid brands from Nestlé.

In March 2012 the company had more than 1,000 employees. In 2012 FrieslandCampina acquired the majority of AMC from the Uytengsu family. On November 5, 2012, AMC was removed from PSE after FrieslandCampina completed its takeover offer for 98.1% of the shares in AMC. FrieslandCampina previously held an 8.1% stake in AMC. Wilfred Steven Uytengsu Jr. remains as President and CEO.

In 2016 the Friso brand was launched in the Philippines.

Brands

  • Alaska
  • Alpine
  • Carnation (under license from Nestlé )
  • Cow Bell
  • Friso
  • Krem top
  • Liberty
  • Milkmaid (under license from Nestlé )

Sports teams

  • Alaska Aces ( PBA basketball team)
  • Alaska teamTBB Philippines (Triathlon Team)
  • Alaska Power Camp (basketball and soccer development camp)
  • Alaska Ironkids Philippines (Triathlon Series)
  • Jr. NBA / Jr. WNBA Philippines (9th year youth basketball development program) - licensed from the NBA / WNBA

Web links

Commons : Alaska Milk Corporation  - collection of pictures, videos and audio files

Individual evidence

  1. ^ Finance Manila
  2. ^ A b Foreign firm buys out Alaska Milk , rappler.com, March 2012
  3. ↑ a b PSE okays Alaska Milk delisting | Inquirer Business . Business.inquirer.net. October 26, 2012. Retrieved February 11, 2014.
  4. ^ Foreign firm buys out Alaska Milk . Rappler.com. July 18, 2012. Retrieved February 11, 2014.
  5. ↑ Alaska Quyarterly update: Volume 14, Number 1: 2007 . Alaskamilk.com.ph. Archived from the original on December 3, 2013. Retrieved February 11, 2014.
  6. ↑ http://www.iuf.org/nestle/2007/04/nestle_sells_off_milk_brands_i.html
  7. ^ Alaska Milk Announces Partnership with Campina - Alaska Milk Corporation . Alaskamilk.com. May 30, 2012. Archived from the original on March 7, 2016. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved February 11, 2014. @1@ 2Template: Webachiv / IABot / www.alaskamilk.com
  8. ↑ Likha Cuevas: Uytengsus sell controlling stake in Alaska Milk to Royal FrieslandCampina . InterAksyon.com. March 9, 2012. Archived from the original on December 3, 2013. Retrieved February 11, 2014.
  9. ↑ Jr. NBA / Jr. WNBA all set . The Daily Tribune. January 16, 2016. Retrieved January 16, 2016.