It was established in 1981 and operated as an independent company until 1989, when it went bankrupt and was taken over by Fabrique Nationale Herstal.
Repeating Arms Company was established by Winchester employees to purchase the rights to manufacture Winchester-branded rifles and shotguns in New Haven, Connecticut, under license from Olin.
In 1989, after the bankruptcy of USRAC, it was taken over by Fabrique Nationale Herstal (FN), a Belgium-based international group producing firearms.
[1] Production of several Winchester rifles would cease worldwide, while some models would be continued at factories outside the United States.
Industrial activity in Newhallville was reduced drastically after 1965 when Winchester, at that time the largest employer in New Haven, decided to move its main production line to East Alton, Illinois.