The contract was signed by Angelo Frescura, a native of Calalzo in the Cadore region, together with his brother Leone and Giovanni Lozza. Angelo Frescura, born in 1841, had been a traveling eyewear salesman before opening a small shop in Padua that sold, among other things, lenses. When he began to consider starting his own production, he decided to do so by returning home.

In the March 1878 contract, the three partners divided the responsibilities: Angelo Frescura, who had saved some money, would finance the business; his brother Leone would handle production; and Giovanni Lozza would design and build the machinery needed for the work.

The company operated for only eight years; with the death of Angelo Frescura, the dream shattered and everything had to be sold. Yet it remained in history as the first of the enterprises that, a century later, would make Cadore the Eyewear District — a unique industrial model, admired and studied all over the world.