Metalac was founded in 1959 in Gornji Milanovac, SFR Yugoslavia.

[4] It soon emerged as the largest Yugoslavian kitchen utensil manufacturer.

Supervisory and management boards are appointed for a period of four years.

The Supervisory Board consists of experts who are important for the company's operations, while the Executive Board consists of five executive directors.

[6] As of 19 January 2018, Metalac a.d. has a market capitalization of 34.64 million euros.