Olin sold out to the employees around 1981 but retained ownership of the Winchester name and leased the rights to use the Winchester name to U.S. Repeating Arms Company. . The employees were not allowed to use "Winchester Repeating Arms Company" (WRACO). . . U.S. Repeating Arms Co. are the closest there is to the OLIN owned Winchesters. . Winchester firearms flourished under Olin ownership including the Model 70, the M21, M42 and more. . The Olin Family were hunters and had pride in building the best firearms possible. . Pre-64 Winchesters were kept on life support long after it was economically feasible and subsidized by the other aspects of Olin Industries. . You can call these latest rifles Model 70's until the cows come home, no problem there, but they're not real Winchesters.
Connecticut Shotgun purchased the rights, from Olin, to manufacture copies of the Model 21. . These are excellent made Model 21 Shotguns and are sold as Winchester M21 made by Connecticut Shotgun Manuufacturing Co. (CSMC). . but cannot be barrel stamped Winchester Repeating Arms Co. . These are fine shotguns, and held in very high regard, but they are not real Winchesters . . .
If some other outfit started building Model T's today they would be classified as a reproduction of the real deal. In other words a copy but not a real Ford Model T. Even less if it was made in Portugal.