The acquisition of Butterfield Color comes barely 18 months after Sika acquired L.M. Scofield.
Vandals have been stealing Sh10m worth of steel bars, electricals and fence materials on a daily basis.
The deal offers a unique proposition to the East African construction market.
Dangote has been approached by ARM for a potential deal as the firm seeks to pay down its debts.
The facilities are “easy to plan, build and require less capital” than ordinary shopping malls.
It is believed that about 25 people were working at the site when the incident happened.
The emergence of new players has brought about some stiff competition in the market.
Big contractors contributed the most to last month’s increase in the stock of non-performing loan.
Demand for the product has been lukewarm since the beginning of the year.
Construction activity softened as some customers postponed their projects due to polls uncertainty.