The CX+ Sport brand is to cease trading by the end of this year according to reports on LMFM News this morning.
The Dundalk based sports clothing manufacturer has told its employees that the company is to go out of business by the end of 2019.
It is understood that workers in the company were told that job losses could be expected.
CX+ Sports are sponsors and kit makers of the Irish athletics team, Dundalk FC and Drogheda FC. They also manufacture the kit for Coleraine FC as well as training gear for many amateur soccer clubs.