Ownership Structure
In the late-1990s, Cameron Balloons and its owner Don Cameron acquired two-thirds ownership of Lindstrand Balloons. Cameron bought the majority stake in Lindstrand Balloons from Rory McCarthy, a British industrialist associated with Richard Branson, who had invested in Lindstrand to support Branson's series of record-setting balloon flights. The remaining third of the company is owned by its founder Per Lindstrand.
Despite Cameron's ownership, Lindstrand Balloons continues to operate as an independent company with separate management and its own distinct designs and products. Per Lindstrand also independently operates a separate company, Lindstrand Technologies, which designs and builds gas balloons, innovative buildings, specialized aerospace equipment (including an advanced parachute for the Beagle 2 Mars-lander) and cutting edge inflatable structures including aircraft hangars, plugs for fire-containment for road tunnels and flood prevention systems.
Read more about this topic: Lindstrand Balloons
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