Business Overview - Alaska Milk Corporation (AMC)

Through youth sports development programs, Alaska Milk is able to help nourish children for them to develop into champions in the field of interest and, in general, in life.
             Today, Alaska is still best known for its tagline "Sa sustansiya't lasa, wala pa ring tatalo sa Alaska" (In nutrition and taste, nothing beats Alaska).
             The Company.
             Alaska Milk Corporation was incorporated in 1994. However, long before that, operations have already started as early as 1972 through a Holland Milk Products, Incorporated. Holland Milk was a joint venture between Holland Canned Milk International B.V. and General Milling Corporation, another company founded by Wilfred Steven Uytengsu, Sr. General Milling has interest in flour, feeds and soybean milling. Holland Milk initially just produced canned evaporated and condensed milk and UHT ready to drink milk. But in the 1980S, the company started producing powder-filled milk under the Alaska brand. Because of the rapid growth of the company's milk business, management decided to spin-off milk production as a independent entity and incorporated it as Alaska Milk Corporation in 1994. A year later, its shares were listed in the Philippine Stock Exchange under the stock symbol AMC.
             When AMC reorganized its distribution operations and networks, Nabisco International and Quaker Oats, Incorporated tapped the company to be its exclusive distributor of Nabisco and Quaker Oats products. The agreement was terminated in 2001 when Philip Morris and Pepsi Company acquired Nabisco International and Quaker Oats, Incorporated, respectively. Following the termination of the distribution agreement, AMC introduced an evaporated creamer and a UHT All-Purpose Cream, Alaska Crema in 2003. The former was to complete the value line of liquid canned milk while the latter is to complete the line of cooking milk.
             In 2007, AMC acquired international milk brands of Société Des Produits Nestlé S.