Career
In 1938, the company changed its name to Ultragaz South America
Through Ultragaz"s growth and the creation of new companies, Ernesto Igel founded Ultra, also known as Ultrapar. Born to a family of merchants in Vienna, Austria, Igel was the eldest of five children. At 15, he got his first job at an import-export company.
At 21, he was drafted to the Austrian army to fight in World War I. He was sent to Romania, where he served as a management assistant.
After the war, Igel moved to Brazil in 1920 when he was 26 years old. He then established the company Ernesto Igel & Compania, an importer of tableware, sanitary metals, stoves and heaters for use with pipeline gas.
During his trips to Europe, Igel got to work with the then-new gas bottling technology for domestic use. On August 30, 1937, Igel founded Empresa Brasileira de Gáz a Domicílio Limitada
The following year, in September 1938, the company"s IPO set the start of Ultragaz South America After that, the company extended its operations and began to conduct business throughout Brazil.
Igel married Margaret Hartman, also Austrian, with whom he had two children, Pery and Daisy.
