SAO PAULO, May 13 /PRNewswire-FirstCall/ -- Ultrapar Participacoes S.A. (NYSE: UGP; BM&FBOVESPA: UGPA4), a company engaged in fuel distribution (Ultragaz / Ipiranga), chemicals (Oxiteno) and logistics for special bulk cargo (Ultracargo), hereby reports its results for the first quarter 2009.

In 1Q09 Ultrapar reports another quarter of strong earnings growth, even in a challenging economic environment. Additionally, at the end of the quarter, Texaco's acquisition was closed, significantly increasing our operational scale in the distribution of fuels and reaching nationwide coverage.

-- REVENUES GROW IN ALL BUSINESS UNITS IN 1Q09 COMPARED TO 1Q08

-- ULTRAPAR'S EBITDA REACHES R$ 274 MILLION IN 1Q09, 21% HIGHER THAN IN 1Q08

-- TEXACO'S ACQUISITION CLOSED ON MARCH 31, 2009

"We have successfully taken another important step in our growth plan with the closing of the acquisition of Texaco, which will be consolidated in our results from the second quarter 2009 on. Our focus now is on integrating Texaco into Ultrapar and implementing Ipiranga's business model in order to capture the benefits from the increased operational scale and nationwide coverage. Simultaneously, despite the economic slowdown, we continue to report strong earnings growth, which, combined with the benefits derived from recent investments and the lower level of investments expected in 2009, will allow significant cash generation for Ultrapar, preserving our sound financial position and contributing to the sustainable growth of our business."


    Pedro Wongtschowski - CEO

    Results Conference Call
    Brazilian conference call
    Date: May 15, 2009
    10:00 a.m. (US ET)
    Dial in number: +55 11 2101 4848
    Code: Ultrapar

    International conference call
    Date: May 15, 2009
    11:30 a.m. (US ET)
    Participants in Brazil: 0800 891 9722
    U.S. participants: +1 800 418 6854
    International participants: +1 973 200 3114
    Code: Ultrapar

    Contact:
    Ultrapar Investor Relations Department
    +55-11-3177-7014

SOURCE Ultrapar Participacoes S.A.