Assuming you mean record separator, not field separator, with GNU awk you'd do:
gawk -v RS='^$' '{ print "<" $0 ">" }' file
Replace the print with whatever you really want to do and update your question with some sample input and expected output if you want help with that part too.
The portable way to do this, by the way, is to build up the record line by line and then process it in the END section:
awk '{rec = rec (NR>1?RS:"") $0} END{ print "<" rec ">" }' file
using nf = split(rec,flds)
to create fields if necessary.