Is this redundant?

[Abc123]

Hi,

'We'd like to acknowledge with thanks the receipt of your enquiry and appreciate your interest in the X line we have in stock.'

I think the bold part in the sentence above should be crossed out because basically the writer means they acknowledge the enquiry, not the receipt of the enquiry, right? And if that part is crossed out, the sentence should be 'We acknowledge your enquiry with thanks'. Do you agree?

Thank you very much.
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Please help correct my mistakes whenever you see them. Many thanks :)

[Mister Micawber]

I agree. Even better: 'We thank you for your enquiry and appreciate your interest...'
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Native English teacher at Mister Micawber's

[Abc123]

Hi Mister Micawber,

You mean the original sentence is too formal?
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Please help correct my mistakes whenever you see them. Many thanks :)

[Mister Micawber]

It is trying to be too formal and ends up being awkward. Simple is best.
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Native English teacher at Mister Micawber's