FreeArc by Bulat Ziganshin is a free-to-use application that can help you easily create and extract various types of archives. Even if there is no version of FreeArc for Mac available on the market, there are plenty other archive managers you can use to do this job. Take a look at this list of applications that are decent alternatives to FreeArc for your Mac.
Feel free to add any alternative to FreeArc for Mac that you know of.
Suggest Alternatives
Isn't WinRAR the best cross-platform archiving manager that doesn't even ask you to look for alternatives?