Nationality Austrian Died 1966 | Name Ernesto Igel | |
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Occupation Businessman, founder of Ultragaz | ||
Ernesto Igel (November 27, 1893 – January 24, 1966) was an Austrian entrepreneur and founder of the company Empresa Brasileira de Gaz a Domilicio Ltda, the first Brazilian gas distribution network of fuel for cooking equipment (LPG).
In 1938, the company changed its name to Ultragaz S.A.
Through Ultragaz's growth and the creation of new companies, Ernesto Igel founded Ultra, also known as Ultrapar.
Biography
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 & Cia., 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 Gaz a Domicilio Ltda. The following year, in September 1938, the company's IPO set the start of Ultragaz S.A. 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. The businessman headed the administration of their companies until 1959, when he named his son, Pery Igel, as the new head of Ultragaz.