 | |
| Alaska | |
| Formerly | Holland Milk Products, Inc. (1972–1994) |
| Company type | Joint venture (1972–94) Private (1994–95) Public (1995–2012) Subsidiary (since 2012) |
| PSE: AMC (1995–2012) | |
| Industry | Dairy |
| Founded | January 23, 1972; 53 years ago (1972-01-23) |
| Founder | Wilfred Uytengsu Sr. |
| Headquarters | Paseo de Roxas,Makati,Metro Manila , |
Area served | Philippines |
Key people |
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| Products | |
| Parent | FrieslandCampina |
| Website | alaskamilk.com |
Alaska Milk Corporation (AMC; formerlyHolland Milk Products, Inc.), commonly known asAlaska (stylized inall caps), is a Philippine dairy company headquartered inMakati. It was founded in 1972 by Wilfred Uytengsu Sr. and George K. Young. The company is a subsidiary ofDutch dairy cooperativeFrieslandCampina, which acquired control (98.1%) of the company from the founding Uytengsu family in 2012.[1]
The company has no connection to theUS state ofAlaska.[2]
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Holland Milk Products, Inc. (HOMPI) was established in 1969 by Wilfred Uytengsu Sr. and George K. Young.[3] It was a joint venture between General Milling Corporation (GMC) and Holland Canned Milk International B.V. (nowFrieslandCampina), with HOMPI's first plant inSan Pedro, Laguna commencing operations in September 1972.[3] HOMPI initially manufactured canned liquid milk (evaporated milk andcondensed milk). It eventually expanded to manufacturepowdered milk andUHT 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.[3]
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 waslisted in thePhilippine 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.[4]
In 2007, AMC acquired the canned milk business ofNestlé Philippines. The acquisition included the Alpine, Liberty, and Krem-Top trademarks, as well as the trademark licenses (until 2021)[5] for Nestle'sCarnation and Milkmaid brands.[6][7]
In 2012,FrieslandCampina acquired majority control of AMC from the Uytengsu family.[8] On November 5, 2012, AMC wasdelisted 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][9] Wilfred Steven Uytengsu Jr. remained as president and CEO until the end of 2018.[10] Since 2019, Uytengsu serves as the Chairman of the company.
The company owned thePhilippine Basketball Association (PBA) team, theAlaska Aces, which it established in 1986. On February 16, 2022, AMC announced that the team will leave the PBA at the end of the2021 Governors' Cup due to a directive by its parent company,FrieslandCampina.[11] Alaska ended their final PBA tournament with a loss to theNLEX Road Warriors in the quarterfinals.[12] Immediately following their final game on March 19, 2022, a brief ceremony was held to mark the Alaska's departure from the PBA.[13] On March 23, 2022, the PBA announced the sale of the Aces toConverge ICT.[14]
Holland Milk Products, Inc. (HOMPI) was established by Wilfred Uytengsu and George K. Young in partnership with DMV Campina. [...] In 1978 HOMPI acquired the fixed assets of the Marikina Dairy Industry, Inc., manufacturer of 'Dutch Baby'.
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