2008 - 2009
2008 – The credit rating agency Moody’s assigns Ultrapar its Baa3 rating on a global scale, equivalent to investment grade.
2008 – Ultrapar, through its subsidiary Ultracargo, acquires União Terminais, a milestone in Ultracargo’s history, consolidating its position as the largest liquid bulk storage company in Brazil and enhancing its operational scale. Ultracargo also expanded its operations at the Santos port, added new clients to its portfolio, and expanded its geographical coverage through the entrance in the Rio de Janeiro and Paranaguá’s markets, strengthening its presence in the main Brazilian ports.
2008 – Oxiteno inaugurates its first commercial office in Europe, located in Brussels, Belgium.
2009 – Ultrapar concludes the acquisition of Texaco’s fuel distribution business in Brazil, starting to manage the business from April 2009 on. Texaco’s acquisition significantly increased the operating scale in fuels distribution and expanded Ipiranga’s geographical coverage to the Mid-West, Northeast and North of Brazil, regions that recorded growth rates above the national average, resulting in a distribution business with nationwide coverage and approximately 5.5 thousand service stations.
2009 – The credit rating agency Standard & Poor’s assigns Ultrapar its BBB- rating on a global scale, equivalent to investment grade.
2009 – The shareholders of Ultra S.A. enter into a new shareholder’s agreement, which replaces the previous agreement. The terms and conditions of the new shareholders’ agreement are substantially the same as those of the previous agreement and have a two-year term.
2009 – Ultracargo acquires from Puma Storage do Brasil a storage terminal for liquid bulk in the port of Suape, Pernambuco. The terminal acquired, with an 83 thousand cubic meter capacity, represents a 15% increase in the total storage capacity of the company and is located in an area leased by Ultracargo, which allowed therefore immediate integration of the operations.
2010 - 2013
2010 – In July 2010, Ultrapar concluded the sale of Ultracargo’s in-house logistics, solid bulk storage and road transportation businesses. This transaction allowed Ultracargo to focus exclusively on its liquid bulk storage business, a segment in which it has a leadership position and will pursue opportunities to maximize the benefits from the increasing demand for logistics infrastructure in Brazil.
2010 – In November 2010, Ultrapar concluded the acquisition of 100% of the shares of DNP. DNP distributed fuels in the states of Amazonas, Rondônia, Roraima, Acre, Pará, and Mato Grosso, being the fourth largest fuel distributor in these states. The acquisition of DNP reinforces the strategy of expansion to the North, Northeast and Midwest regions of Brazil, where the consumption growth has been above the national average and the market share of Ipiranga is lower than that in the South and Southeast.
2011 – In June 2011, the extraordinary general shareholders' meeting approved (i) the conversion of all shares of preferred stock issued by the company into shares of common stock, on a 1-to-1 conversion ratio, (ii) the company’s adhesion to the Novo Mercado listing segment of BM&FBOVESPA, (iii) the company’s new bylaws, modifying several provisions in the previous bylaws, aiming to strengthen the company’s corporate governance structure, and (iv) the equivalence of rights of all shareholders in the event of a change in the company’s control, pursuant to its new bylaws and the Novo Mercado rules, to the provisions of the company’s controlling shareholders' agreement of March 22nd, 2000. On the same date, the subjects under items (i) and (iv) above were also approved in a special preferred shareholders’ meeting.
2011 - On August 17th, 2011, Ultrapar’s preferred shares were converted into common shares and started to be traded on the Novo Mercado segment. As of the same date, the ADRs represented by preferred shares started to be represented common shares issued by Ultrapar and traded in the New York Stock Exchange under this new format. This decision aimed at bringing Ultrapar's corporate governance into line with the company’s current stage and profile and will enable higher investment capacity, growth, attraction and retention of talented professionals, value creation and longevity.
2011 – In October 2011, Ultrapar acquires Repsol’s LPG distribution business in Brazil. The acquisition of Repsol Gás Brasil strengthens Ultragaz’s bulk LPG business, a segment in which it was a pioneer and has a relevant position, allowing economies of scale in logistics and management, as well as an improved positioning for growth in the bulk segment, where volume progression is correlated to the GDP performance.
2012 – In April 2012, Oxiteno acquired a specialty chemicals plant located in Pasadena, Texas one of the most important chemical hubs in the world, benefiting from attractive feedstock conditions, including competitive natural gas-based raw materials, and highly efficient logistics infrastructure. With this acquisition, Oxiteno continues its internationalization process that started in 2003, when it acquired the then third largest ethoxylates producer in Mexico. Through this acquisition, Oxiteno will increase and strengthen its position in the Americas as a surfactants and specialty chemicals producer servicing the home & personal care, agrochemicals, coatings and industrial markets.
2012 – On May, Oxiteno acquired American Chemical, a Uruguayan specialty chemicals company. Through the acquisition of American Chemical, Oxiteno continues the international expansion of its activities, started in 2003 and based on its deep knowledge of the technology for production and application of surfactants and specialty chemicals and on its strong relationship with its clients.
2012 – On November, 2012, Ultrapar announced the constitution, in partnership with Odebrecht TransPort Participações, of ConectCar, a company to operate in the segment of electronic payment for tolls, parking and fuels.