Profile and History

Ultrapar

With a history of more than 86 years, Ultrapar is currently one of the main business groups in the country, and it is engaged in energy and logistics infrastructure through IpirangaUltragaz and Ultracargo.

Ultrapar’s trajectory is marked by pioneering and the combination of innovation and sustainability.

Innovation is applied continuously in the development of new products and businesses, adoption of new procedures and operating technologies, and most importantly, in the identification of new market niches.

Its concern with sustainability goes beyond just normal operating initiatives, having been transformed into a key component of its business models. The implementation of programs to manage greenhouse gas emissions, such as the Ipiranga Carbon Zero Program, exemplify this vision.

One of Ultrapar’s most pioneering initiatives was going public simultaneously on the São Paulo Stock Exchange (B3) and New York Stock Exchange (NYSE) in 1999. Subsequently, in 2000, the Company became the country’s first company to offer to all of its shareholders tag along rights for 100% of the amount of the offer for control. In 2011, the Company further aligned interests among its shareholders through the conversion of preferred shares into common voting shares at the ratio of 1:1.

Ultrapar has been one of Brazil’s leaders in the development and adoption of best practices in corporate governance. The Company uses the capital markets not only as a source of investment resources, but as a driver for the development and consolidation of its corporate culture. One of the most notable features of this culture is the idea of shared responsibility, based on meritocratic management and the alignment of interests.

Currently, Ultrapar is a component of 12 of B3 stock indices as follows:

Jorge Camargo assumes as Chairman of the Board of Directors replacing Pedro Wongtschowski.

 Acquisition of a 50% stake in Opla Logística Avançada, the largest independent terminal of ethanol in Brazil, located in Paulínia (state of São Paulo), marking Ultracargo’s entry into the inland liquid bulk storage and logistics segment.

 Approval by CADE of the consortium between Ultragaz and Supergasbrás Energia Ltda. for sharing part of its operations and infrastructure of LPG storage and filling bases.

Marcos Lutz takes over as CEO of Ultrapar, succeeding Frederico Curado.

Conclusion of the sales of Oxiteno and Extrafarma, and acquisition of Stella and NEOgás, which mark Ultragaz’s entry into the electricity and the compressed natural gas distribution segments, respectively.

Signing of the agreements for the sale of all shares of Oxiteno and Extrafarma, and conclusion of the sale of Ipiranga’s equity interest in ConectCar, aligned with the portfolio revision strategy of the Company.

Launch of Ultrapar’s new visual identity.

Creation of Ultra Venture Capital (UVC) and a new business (abastece aí), based on the integration of the abastece aí and KM de Vantagens (loyalty) programs.

Ipiranga and Ultracargo win concessions’ auctions to operate port areas for storage and handling of liquid bulk in Belém (PA), Cabedelo (PB), Vitória (ES) and Vila do Conde (PA).

Oxiteno sells the production unit in Venezuela.

The Ultra Group’s highest level of governance was consolidated with the establishment of Ultrapar as a Holding Company. The new Holding centralized the coordination of the activities of Investor Relations, Treasury, M&A, Strategic Planning, Internal Audit, Statutory Legal Department, Compliance, Risk Management and the Shared Services Center (SSC).

Ultracargo acquires the TEAS located in the port terminal of Santos (SP). This terminal had been already administered by Ultracargo and now it is incorporated into operations.

Pedro Wongtschowski assumes as Chairman of the Board of Directors, replacing Paulo Cunha who becomes Chairman emeritus.

Frederico Curado takes over as CEO of Ultrapar, succeeding Thilo Mannhardt.

Creation of ICONIC Lubricants, a joint venture between Ipiranga and Chevron, for production and sale of lubricants, greases, additives and coolants.

Ultrapar celebrates 80 years of history.

Conclusion of the association with Extrafarma.

The pharmaceutical segment becomes Ultrapar’s third specialized distribution and retail business.


Thilo Mannhardt is named CEO of Ultrapar. Pedro Wongtschowski becomes a member of the Board of Directors.

Signing of the association agreement with Extrafarma marks Ultrapar’s entrance into Brazil’s retail pharmacy sector.


Oxiteno acquires specialty chemicals plants in the United States, Uruguay and Brazil.

Ultracargo acquires TEMMAR – Maranhão Maritime Terminal.

Ipiranga creates ConectCar, a company in the electronic payments segment focused on toll, parking lot and gasoline payments.

Ultrapar implements a new corporate governance model and migrates to the New Market segment of BM&FBOVESPA.

Ultragaz acquires Repsol’s LPG distribution business in Brazil.

Ultracargo sells its internal logistics, solid bulk storage and roadway transportation businesses, focusing on the liquid bulk storage segment in which it is the leader.

Acquisition of DNP, the largest independent fuel distributor in Northern Brazil.

Acquisition of Texaco is concluded and the integration of its operations with Ultrapar begins.

Ultracargo acquires the assets of Puma Storage do Brasil, located in the port of Suape (PE).

Inauguration of Oxiteno’s Oleochemicals plant, the first in Latin America to produce specialty chemicals based on renewable raw materials.

Acquisition of União Terminais, a milestone in Ultracargo’s history, as it becomes Brazil’s largest liquid bulk storage company.

Pedro Wongtschowski is named CEO, while Paulo Cunha remains Chairman of the Board of Directors.

Purchase of Ipiranga propels the expansion strategy in fuel distribution.

Oxiteno acquires new assets in Mexico and Venezuela.

The Intermodal Terminal in Santos (ITS) begins operating, a strategic milestone for Ultracargo’s activities in Southeastern Brazil.

Acquisition of Shell Gás, making Ultragaz the market leader in LPG.

Purchase of Canamex in Mexico marks the beginning of Oxiteno’s international expansion.

Ultrapar incorporates Oxiteno’s shares, becoming 100% owner of all of its businesses.

Public listing on BM&FBOVESPA and NYSE.

Ultragaz implements UltraSystem®, an innovative distribution model for LPG.

Ultrapar concludes its restructuring process and will focus on three core businesses: fuel distribution, chemicals and logistics.

Paulo Cunha is appointed CEO of Ultrapar.

Ultragaz becomes the controlling shareholder of Brasilgás (Bahiana de Gás), a company it managed since 1979.

Opening of the Tequimar terminal in Aratu (BA), expanding the logistics business to include storage.

Through Oxiteno Northeast, created in 1974, Ultrapar is one of the founders of the Camaçari (BA) Petrochemical Complex.

Oxiteno begins its production at the Mauá (SP) Petrochemical Complex, a project that began in 1969.

Ultracargo creates Transultra to meet the demand for high-quality and safe transportation services.

Ultragaz reaches the milestone of one million customers.

Pery Igel named CEO of Ultrapar by his father, Ernesto Igel.

Ultragaz introduces its automatic delivery system: “One week yes, one week no, Ultragaz at your door”.

Ernesto Igel creates the Empreza Brasileira de Gaz a Domicílio Ltda., renamed Companhia Ultragaz Sociedade Anônima in 1938.

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