Oban is one of Scotland's best-loved distilleries, producing a medium-bodied, malty and slightly coastal whisky. The distillery was founded in 1793 on the site of an old brewery, and is located in the town of the same name. Over the course of its history it changed hands several times before being acquired by DCL in 1925. Oban was briefly closed shortly after, and it reopened in 1937. Thirty years later it closed once more for renovation and when it reopened once more in 1972 it boasted a new still house. Today, Oban is owned by Diageo (DCL eventually became a part of the drinks giant) and is included in the Classic Malts range. The vast majority of the distillery's annual 670,000 litre output is released as single malt whisky.