HS Produkt was founded as IM Metal in 1991, after the first democratic election in the Republic of Croatia. Since company founding its headquarter was situated in the town of Ozalj, Croatia, about 50 kilometers southwest of the capital Zagreb, and its manufacturing facility was relocated to Karlovac in 2000.
At the beginning of 2001, following the success of the HS 2000 pistols on the world market, the company changed its name to HS Produkt.
HS Produkt’s current production facility produces about 30,000 pistols per month with a trend of continued growth; ninety percent of production is exported to the United States. The number of employees rose from around 80 in 2000 to nearly 1000 in 2007, making HS Produkt the leading employer in Karlovac County.
Founders and co-owners of HS Produkt, Ivan Žabčić and Marko Vuković, are both mechanical engineers; Vuković is the chief designer behind most of the company’s products. Vuković also has combat experience as a veteran of the Croatian War of Independence, in which he was wounded twice