It is a leading manufacturer of school and office accessories in Central and Southeast Europe.

[2] The company was established in 1937, although some sources link its foundation to the earlier Penkala-Edmund Moster & Co..[3] From a small plant for the manufacture of pencils and pastels has grown into today's modern joint-stock company with a long tradition in the production of school and office accessories.

The tradition of writing utensils in Zagreb reaches to the past thanks to the work of Slavoljub Eduard Penkala, one of the region's leading inventors of 20th century, in 1906.

New technologies, functionality, high quality and standard have affirmed the TOZ as a reliable partner in business circles in the whole world.

Products manufactured by TOZ Penkala included:[4] Penala is Croatian pencil Company founded in December 13, 1967.