The success of our high-performance Filtrete brand filters is another great example of how aggressive and innovative marketing can drive a strong, emerging brand. All of the brands are further strengthened under the umbrella of our 3M brand - one of the most recognized and respected brands in the world. Acquisitions - Over the years, 3M has established itself as the best in the world at commercializing technology developed internally . Acquisitions completed or announced in 2000 alone approach one billion dollars in additional annual sales. An effective acquisition strategy is a fast and direct route to bolstering 3M technology platforms and to leveraging our global sales, technical support and general management strengths.
Touch screens are a great example.
You see them in ATM's, consumer electronics, and offices. In the span of just a few months, 3M became a major player in this exciting and growing market. The joint venture with ESPE, the leading German dental firm, is a perfect example of strengthening our position from both a product and geographic standpoint. ESPE has a strong presence in the fast-growing crown, bridge and impression materials area, which complements 3M's strength in restorative products. 3M also benefits from ESPE's leadership in Europe, and we create new opportunities for the ESPE product line by leveraging 3M's power in Asia Pacific and Latin America.