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The magnetic basket keeps tools and supplies close at hand while staying firmly secured to metal surfaces. The strong rubber-covered magnets found on the back of the caddy protect against surface finish damage. The caddy can be attached to metal laminators being used in print shops or print finishing departments for wide-format graphics and signage. It can keep gloves, eraser blocks and zippy cutters within reach. Additionally, the caddy is useful for office, school or home environments where pens, pencils, scissors, rulers, tape measures, screw drivers or other small tools need to be stored.