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Note 18 - Subsequent Event
12 Months Ended
Nov. 30, 2019
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 18: Subsequent Event

 

On January 13, 2020, we entered into a purchase agreement to acquire substantially all of the assets of D.H.M Adhesives, Inc. for approximately $9,500 which will be funded by our existing cash. In addition, the agreement requires us to pay contingent consideration of up to approximately $8,100 based upon a formula related to revenue during the fiscal years ended November 27, 2021 and December 3, 2022. D.H.M. Adhesives, Inc., headquartered in Calhoun, Georgia, is a provider of hotmelt adhesives. The acquisition is expected to close in the first quarter of the fiscal year ended November 28, 2020.