||Ultrapar's strategy goes beyond breaking even in Brazil. Holding company Ultrapar Participações' subsidiaries distribute liquefied petroleum gas (LPG), produce chemicals and petrochemicals, and provide storage- and transportation-related products. Founded in 1937 as Ultragaz (now an LPG distribution subsidiary of Ultrapar), the company introduced LPG for home cooking in Brazil, and helped pioneer the development of the petrochemical industry in Brazil. Chemical and petrochemical activities are handled through subsidiary Oxiteno. The company's other major subsidiary is Ultracargo, which handles transportation and storage. Ultra S.A holds a 67% stake in Ultrapar; Parth Investments, 18%.