The Ultra Group is a Brazilian conglomerate operating in the industry segments of energy and logistics infrastructure through its subsidiaries Ipiranga, Ultragaz and Ultracargo.

[7] The origins of Ultrapar Participações SA (Ultra) date back to 1937 with the founding of the company “Empreza Brasileira de Gás a Domicílio” by Ernesto Igel.

However, the Ultra Group withdrew from these sectors in the 1970s to focus on those activities where it saw strong demand growth and opportunities for market leadership.

[11] In October of the same year, the company began its international operations through Oxiteno’s acquisition of Canamex,[12] the chemical division of the Mexican group Berci.

In 2005, Ultracargo began operating at the inter-modal terminal in the Port of Santos,[13] increasing its market share in the Brazilian logistics segment.

[17] The following year, Ipiranga, in partnership with Odebrecht Transport, created ConectCar, a company that operates in the electronic payment segment for highway tolls, parking and fuel purchases.

The Group announced that this new brand better reflected its positioning of being an organization that is always looking to the future, that has a legacy of 86 years of history and has a strong presence in the Brazilian market and in eight other countries.

[23] Ultrapar’s shares were included in the B3 Efficient Carbon Index (ICO2 B3), which was created in 2010 with the aim of promoting a discussion on climate change in Brazil.

These sales strengthened the Group's positioning and investment capacity in its core energy and infrastructure sectors, in addition to reinforcing its financial solidity.

[28] Also in 2022, Ultragaz completed the acquisitions of Stella Energia and NEOgás, which marked its entry into the market segments for renewable electrical energy and compressed natural gas distribution, respectively.

[31] In August 2023, CADE approved the formation of a consortium between Ultragaz and Supergasbras (SHV)[32] for the shared operation of the bases of their LPG production structures dedicated to supplying bottled gas to households for cooking.

This provided customers and resellers with a greater security of supply and improved service levels in the regions served, without any changes in either company’s commercial operations.