An apparatus and method for packaging sheet material. The apparatus comprises a housing, a first forming guide, and a banding unit. The housing defines a cylindrical cavity which is open at both ends and includes a longitudinal opening which intersects the cylindrical cavity. The first forming guide is affixed to the housing adjacent the longitudinal opening and extends into the cylindrical cavity. The banding unit is disposed adjacent the downstream end of the cylindrical cavity. The method comprises imparting a U-shaped form upon a stack of sheet material by insertion of the stack into the upstream end of a cylindrical cavity. The U-shaped stack of sheet material is then moved toward and out of the downstream end of the cylindrical cavity. Finally, the U-shaped stack is banded as the stack emerges from the cylindrical cavity.

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