(Melville, LI) The buyer of the Kineret brand is Kedem Food Products International, it was announced last week. Kosher Today had reported the sale by the Hain Celestial Group (July 5, 2005) but did not disclose the buyer. Kineret produces such kosher ready-to-bake goods, frozen fish, latkes, and onion rings. Industry sources said that the sale made perfect sense as each company was moving in different directions. Hain Celestial was focusing on its core natural and organic brands while Kedem was steadily increasing its food lines and was now moving into frozen. The sources estimated Kineret’s annual sales at approximately $2.5 million, but the terms of the sale were not disclosed.