A two roll sheet material dispenser cabinet for paper towelling and the like has an automatic transfer system from one roll to the other when one roll is exhausted. The dispenser feeds sheet material sequentially and comprises a cabinet (80) with first (18) and second (40) roll stations and a feed mechanism (60) to feed sheet material from the rolls to a dispensing opening (30). The feed mechanism (60) has a gripping roller (20), and a pressure plate (24) pressed against the roller (20) to provide a feed passage between the roller (20) and plate (24), a feed mechanism rotates the gripping roller (20), the sheet material from one roll station (40) is retained in the feed passage while sheet material from the other roll station (18) is dispensed. When the sheet material from one roll station (18) is exhausted, the feed mechanism automatically dispenses sheet material from the other station (40).