7zip will definitely work as was suggested above - but I would also like to mention WinRAR for the sake of having an option, and my own good experiences with it. It can extract a variety of archive types (CAB, ARJ, LZH, TAR, GZ, ACE, UUE, BZ2, JAR, ISO, 7Z, Z) and create RAR and ZIP archives - plus it is available in 32 and 64 bit flavors (not that important but a nice option nonetheless).
You can download your choice of version here:
WinRAR from Filehippo.