diff --git a/scripts/distribution/macOS-package/build.sh b/scripts/distribution/macOS-package/build.sh
index 7f9c309fc8..9ad0aee5de 100755
--- a/scripts/distribution/macOS-package/build.sh
+++ b/scripts/distribution/macOS-package/build.sh
@@ -24,7 +24,7 @@ readonly collectorDir="$macPackageDir/../../../collector"
 readonly consensusDir="$macPackageDir/../../../concordium-consensus"
 
 readonly toolsDir="$macPackageDir/tools"
-readonly macdylibbundlerDir="$toolsDir/macdylibbundler-1.0.0"
+readonly macdylibbundlerDir="$toolsDir/macdylibbundler-1.0.5"
 
 readonly buildDir="$macPackageDir/build"
 readonly payloadDir="$buildDir/payload"
@@ -226,7 +226,7 @@ function getDylibbundler() {
         logInfo " -- Downloading..."
         mkdir "$toolsDir"
         cd "$macPackageDir"
-        curl -sSL "https://github.com/auriamg/macdylibbundler/archive/refs/tags/1.0.0.zip" > "$toolsDir/dylibbundler.zip" \
+        curl -sSL "https://github.com/auriamg/macdylibbundler/archive/refs/tags/1.0.5.zip" > "$toolsDir/dylibbundler.zip" \
                     && logInfo " -- Unzipping..." \
                     && cd "$toolsDir" \
                     && unzip "dylibbundler.zip" \
@@ -248,7 +248,11 @@ function collectDylibs() {
         local fileToFix=${1:?"Missing file to fix with dylibbundler"};
         cd "$payloadDir/Library/Concordium Node"
         # Paths to search for dylibs are added with the '-s' flag.
-        "$macdylibbundlerDir/dylibbundler" --fix-file "$fileToFix" --bundle-deps --dest-dir "./libs" --install-path "@executable_path/libs/" --overwrite-dir \
+        # We use `--create-dir` to ensure that the `./libs` folder exists.
+        # But we should not use `--overwrite-dir` even though it implies `--create-dir`
+        # because it will delete the libs folder if it already exists, which would delete 
+        # the results of previous calls to `collectDylibsFor`.
+        "$macdylibbundlerDir/dylibbundler" --fix-file "$fileToFix" --bundle-deps --dest-dir "./libs" --install-path "@executable_path/libs/" --create-dir \
             -s "$concordiumDylibDir" \
             -s "$stackSnapshotDir" \
             $stackLibDirs # Unquoted on purpose to use as arguments correctly