Abstract: An apparatus for producing blanks from a web including a pair of relatively movable upper and lower blades for severing therebetween blanks from a web along a predetermined cut line established by cooperative cutting edges of the blades, an end feed path of travel for the web and a discharge path of travel for the blanks, a mechanism for rotating the blades to selectively vary the cutting angle and thereby vary the sizes, shapes and/or cut line orientation of the blanks severed from the web, a transfer mechanism for transferring each severed blank from a position adjacent the blades and the end feed path of travel to a second position at the blank discharge path of travel, the transfer mechanism including a receiving element pivoted to an arm which in turn is pivoted for movement in a generally horizontal plane, the receiving element be accommodated in a recess adjacent the blades and receiving therein each severed blank for transfer to the discharge path of travel.