In 1965 Brodie Hepburn, together with the owners of the old cotton mill born in 1785 on the banks of the River Teith in Scotland, founded Deanston Distillers Ltd. The idea seems to have been to use only the old buildings, using them for the maturation of the barrels; however the great quality of the water, combined with the two still perfectly functional turbines powered by the River Teith, convinced them to change their mind and build a new distillery.

The renovation of the reconverted buildings required about 10 months of work; the Still House was then built, along with the last necessary tools and barrels, after which the Deanston began production in October 1969. The first intentions envisaged a production of base malt for the blends, but the first decisions were not maintained, and in 1971 the first Single Malt of Deanston called "Bannockburn" was produced. A year later the distillery was sold to Invergordon Distillers, who released the second Deanston Single Malt in 1974.

From 1982 to 1990, the distillery remained closed due to a collapse in sales, but then Burn Steward Distillers decided to acquire Deanston and reopen it immediately. Deanston, to date, is one of the greenest distilleries in Scotland; the excess energy it produces is sold to the National Grid, Scotland's energy body. The equipment in the distillery is still completely traditional, the following are used: a cast iron mash tun, eight Cotton steel washbacks and still collars.

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