The enterprise was founded in a filling station in Rossano Veneto near Venice in 1971 by Silvano Oselladore and Pietro Zen from whose initials the company takes its name.

[1] OZ S.p.A. was officially established as a company in 1978 following an investment by Carto Isnardo SpA.

[1] In 1992 the company moved to a new factory in its current headquarters location of San Martino di Lupari.

[1] Today the company produces alloy wheels for motorsports, aftermarket and OEM applications in addition to motorcycle wheels and custom items for specialist tuners and designers including Bertone, Pininfarina, AMG and Hartge.

OZ began their long-standing involvement with Formula One in 1984, supplying Riccardo Patrese and Eddie Cheever's Alfa Romeo team.