BMC Industries says it's exploring new ?strategic alternatives? including the possible sale of all or parts of the company, which controls Visionease. Chanin Capital Partners is acting as advisor in the matter. Some financial restructuring is said to be likely to take place soon in the company's European operations, which are being reorganized. BMC made the statement last month as its banks granted yet another waiver on the conditions for their credit lines. The deadline to repay about $120 million has been extended from May 14 to July 15.