Masai International, the Singapore-based company that has been distributing MBT in Southeast Asia, has acquired the MBT brand and its global assets, but not its debt. Owned by Andy Chaw, described as a wealthy individual, the distributor was named “best in sales and execution” at MBT's international product launch meeting in Zurich last November. The details of the deal could not be learned at the time of going to press. MBT went into bankruptcy proceedings on May 9, closing its head office in Winterthur and others in Europe except those in Italy and Spain. Chaw said he pushed hard to complete the negotiations and the due diligence process to ensure minimal disruption to MBT's global business. He said he wanted to maintain the brand's Swiss heritage and continue to leverage the brand's technology, designs and new products in the pipeline.