Arla is still waiting for regulatory approval on its proposed merger with Express which will make it the UK's market leader on fresh milk.
However, CEO Mikael Christiansen said further acquisitions could still be on the horizon, particularly in the yogurts and desserts sector.
"We believe that the category is quite messy at the moment," he said this week.
"I would expect us, in a couple of years, to be playing a major role in yogurts and desserts. It's a move we will need to make."
He said Arla's strategy was to be category leaders across all dairy sectors, a strategy which has driven all of its recent acquisitions and deals, from the Lurpak/Anchor tie-up to acquiring specialist cheese supplier HT Webb. Christiansen also suggested Arla could also move into mainstream cheese.
"We're not producing cheese in the UK, but there's no reason why we're not doing it."

{{MARKET EDGE }}

Topics