Philippines diary group Alaska Milk Corp. has bought three canned milk brands from food giant Nestlé for an undisclosed sum.
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Under a two-pronged agreement, Alaska Milk Corp. has secured the Alpine, Liberty and Krem-top brands.
Alaska Milk Corp. has also attained the licence to produce and sell two other milk brands – Carnation and Milkmaid – from Nestlé.
Officials at Alaska Milk Corp. could not be reached for further comment as just-food went to press.
