Is Magnolia Ice Cream in the USA Owned by Magnolia Philippines?

No, it is not.

Magnolia Ice Cream USA is owned by Ramar Foods, the Northern California company that pirated the Magnolia ice-cream brand’s logo from the Philippines.

History:

The Philippine company San Miguel created and developed the Magnolia ice-cream brand in the 1920s.

In the early 1970s, a completely unaffiliated family in California started marking their own ice-cream with the Magnolia mark in order to hoodwink Filipino Americans into thinking they were somehow related or the same.