Ultrapar

Ultrapar Participações S.A.

Type	Sociedade Anônima
Traded as	BM&F Bovespa: UGPA3 : UGP
Industry	Conglomerate
Founded	August 30, 1937
Founder	Ernesto Igel
Headquarters	São Paulo, Brazil
Key people	Paulo Guilherme Aguiar Cunha, (Chairman) Thilo Mannhardt, (CEO)
Products	Fuel, Chemicals, Logistics, Filling station, Drugstores
Revenue	US$ 28.0 billion (2015)
Net income	US$ 482.1 million (2016)
Number of employees	9,601
Subsidiaries	Petroleo Ipiranga Ultragaz Oxiteno Ultracargo Extrafarma
Website	www.ultra.com.br

Ultra is a Brazilian company operating in the sectors of fuel distribution, through Ipiranga, Ultragaz and Liquigás; in the production of specialty chemicals, through Oxiteno; in the storage of liquid bulk, through Ultracargo; and in pharmacies, through Extrafarma, all of which are subsidiaries entirely controlled by Ultrapar holding. The company is publicly traded under the name Ultrapar on São Paulo’s stock exchange (Bovespa) and on New York’s (NYSE).

Ultra is Brazil's fourth largest company, and according to the yearly publication Valor 1000 of the Brazilian newspaper Valor Econômico, its net revenue in 2013 was 60.9 billion reais (BRL).

Ultra is among the 500 largest companies in the world, according to a ranking prepared by Fortune magazine in 2014.

Ultra was founded in 1937 by Ernesto Igel, and originated from the first Brazilian company to bottle and distribute LPG, named Empresa Brasileira de Gás a Domicílio. The company started its operations with a fleet of three trucks and 166 clients. It soon expanded and gave birth to Ultragaz.

Ultrapar Participações S.A. was formed in December, 1953 and extended its operations through Ultragaz's growth and the creation of new enterprises. Three businesses created during this expansion process make up what the company is today: Ultragaz itself, Oxiteno, which is Brazil's pioneer producer of ethylene oxide and its derivatives and was created in 1970, and Ultracargo, born from the union of the activities of two companies: Transultra, provider of road transport and storage of chemical and petro-chemical products, created in 1966, and Tequimar, a chemicals terminal in Aratu port, Bahia, which incorporated storage to its logistics services in 1978.

Ultra has also participated in the production of fertilizers, through Ultrafértil; in appliance retail, through Ultralar; in industrial engineering, through Ultratec; and in the production and distribution of frozen foods, through Supergel. However, it left these businesses in the 70's in order to focus on activities in which the company saw increasing demand and leadership opportunity. Ultralar and Ultragel were discontinued and Ultratec and Ultrafértil were sold. Ultracargo's transport operations were also sold in 2010, which allowed the company to focus on its strategy to grow in the storage terminals segment.