Splitting monoidal stable model categories

If C is a stable model category with a monoidal product then the set of homotopy classes of self-maps of the unit forms a commutative ring, [S,S]^C. An idempotent e of this ring will split the homotopy category: [X,Y]^C≅e[X,Y]^C⊕(1−e)[X,Y]^C. We prove that provided the localised model structures exist, this splitting of the homotopy category comes from a splitting of the model category, that is, C is Quillen equivalent to L_eSC×L_(1−e)SC and [X,Y]^L_eSC≅e[X,Y]^C. This Quillen equivalence is strong monoidal and is symmetric when the monoidal product of C is.