I had to check this to see if there's any truth to it, and unfortunately it seems like a fib.

> Beds, hall furniture and wardrobes are named after town and cities in Norway such as Asker, Ulsberg and Klubbo. The rugs at IKEA are named after places in Denmark, so expect to see names like Hellum, Elverdam and Nysted. Finland rounds out the Scandinavian neighbors with having dining tables and chairs named after places like Pello, Bredskär and Harola.

Doesn't make sense since LACK is a Swedish name and it's a 5€ sofa table made out of cardboard. Still a good table though but not premium in any way.