JAT Holdings (Private) Limited (JAT), founded by Mr. Aelian Gunawardene, is the Sri Lankan market leader in the water-based wood coatings segment. JAT has exclusive rights to manufacture and distribute one of the leading wood coating brands in the world, Sayerlack, across Sri Lanka, India, Bangladesh, Maldives, Pakistan and Seychelles. The Sayerlack brand is part of Sherwin Williams, the largest paint manufacturer in the world. In addition to lacquers and paints, the Company also distributes well-known brands of wood treatment solutions,wood fillers, sandpapers and abrasives, office furniture, flooring and ceiling solutions and PVC products. EF fully divested its stake in JAT through an IPO on the Colombo Stock Exchange.