Alaska Milk Corporation
Alaska Milk Corporation, commonly known as Alaska, is a Philippine dairy company headquartered in Makati. 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 of the company from the founding Uytengsu family in 2012.
The company has no connection to the US state of Alaska.
History
Holland Milk Products, Inc. was established in 1969 by Wilfred Uytengsu Sr. and George K. Young. It was a joint venture between General Milling Corporation and Holland Canned Milk International B.V., with HOMPI's first plant in San Pedro, Laguna commencing operations in September 1972. HOMPI initially manufactured canned liquid milk. It eventually expanded to manufacture powdered milk 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 under the control of Wilfred Uytengsu Sr. Shortly after its incorporation, AMC was listed in the Philippine Stock Exchange 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 for Nestle's Carnation and Milkmaid brands.
In 2012, FrieslandCampina acquired majority control of AMC from the Uytengsu family. 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. 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
- Carnation
- Milkmaid