In the latest global warehousing bid, Malaysia-based Infinity Logistics and Transport Ventures has agreed to buy Access World — the metals warehousing business of Glencore, the world’s largest commodity trader — for about $177 million.
The purchase represents a marked expansion for Infinity Logistics, which until now made the vast majority of its revenue — about 72% as of June — from customers in Malaysia and Singapore. But with Glencore’s metals warehousing unit now in the fold, Infinity...