5 Least Innovative Companies That Are Still In Business Today

In this piece, we will take a look at the five least innovative companies that are still in business today. For more companies, head on over to 10 Least Innovative Companies That Are Still In Business Today.

5. International Paper Company (NYSE:IP)

Market Capitalization as of January 29, 2023: $11.55 billion

International Paper Company (NYSE:IP) is a packaging company that was set up in 1898 and is headquartered in Tennessee. Like U.S. Pipe, International Paper Company (NYSE:IP) also makes the same products today that it was making in the 19th century. It was formed as a union of paper mills, and at one point was one of the U.S. government’s largest suppliers of paper checks before the government moved to electronic transactions in 2013. The firm has operations all over the world, in regions including the Middle East, Africa, Asia, and Europe.

Insider Monkey took a look at 920 hedge fund holdings for the third quarter of last year to discover that 33 had invested in International Paper Company (NYSE:IP).

International Paper Company (NYSE:IP)’s largest hedge fund investor in our database is Edgar Wachenheim’s Greenhaven Associates which owns 4.9 million shares that are worth $157 million.